Volvo evaluating setting up of global EV plant in India
- India is among the countries being evaluated for the Volvo EV plant
- Volvo pledges to become an all-electric brand by 2030
Swedish automaker Volvo is looking into setting up a new manufacturing plant to make electric cars in Asia, but outside of China. In addition to other Southeast Asian countries, the brand is considering India as a possible location for this new global EV factory.
The facility will not only help with domestic needs, but will also ship vehicles to other international markets. Moreover, the automaker intends to launch a new electric vehicle every year and strive to be an all-electric brand by 2030.
Last year, Volvo launched the XC40 Recharge, its first electric car in the country. Meanwhile, the brand is also working to introduce its second EV, C40 Recharge in India in 2023.
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