The future may really be different from what we are living in right now. To make the switch to electricity Volvo is planning to phase out diesel engines. Volvo will phase out diesel automobiles from India by the end of this year, gradually transitioning to all-electric vehicles as the business works toward local manufacture of green vehicles. Volvo Cars India’s new MD, Jyoti Malhotra, said the business, which is owned by China’s Geely, wants to debut one electric car per year as it transitions its automobile portfolio to sustainable mobility in accordance with its parent’s worldwide aspirations for a complete transition to green.
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The ‘XC40 Recharge’ small SUV, which will be released towards the start of the Christmas season later this year, is the company’s first full-electric automobile designed for India. According to Jyoti Malhotra, the new MD of Volvo Cars India, the business, which is owned by China’s Geely, wants to debut one electric car each year as it switches its automobile portfolio to sustainable mobility, in accordance with its parent’s worldwide goals for a complete transition to green.
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The business is exploring domestic CKD operations, according to Malhotra, because the GST on electrics is 5%, compared to 45-50 per cent on bigger petrol/diesel cars. We are currently evaluating (local EV), as the MD stated, they are working on a business case right now. Last year was a difficult year for business since the country and economy were both affected by the corona pandemic. However, things have improved, and they are now witnessing a lot of optimism, according to Mahindra.
