Ford to sell Volvo cars in India
Ford will introduce Volvo's S80 and XC90 models in the 4th quarter this year.india Updated: Jul 01, 2006 18:40 IST
Ford Motor Company's Volvo Car Corporation said on Wednesday it would begin selling cars in India during the fourth quarter of this year.
The company said it would introduce its S80 and XC90 models, and planned to begin selling more models in the Indian market "in due course".
"India is experiencing very favourable economic growth with low inflation and a stable currency," the company noted in a statement.
"Total new car sales on the Indian market are expected to increase from 1 million cars per year to 1.6 million over the next few years. This gives us an excellent foundation for starting sales of Volvo cars on this market."
The carmaker, which said in March it would begin making cars in China this year, would establish three dealerships in India in 2006, it added.