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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Author: Neha Mehlawat

Neha Mehlawat is an automotive journalist and industry analyst with 10+ years of experience covering cars, bikes, and mobility trends. She tracks the latest launches, technology upgrades, and policy changes in the auto sector, delivering sharp insights that help readers stay ahead in the fast-evolving world of automobiles.