Volvo India has said that their India plans will not have any impact on the account of the acquisition of its parent Volvo by China's Geely.
"Volvo will continue to be an independent division of Geely, headquartered in Sweden. We will directly report to Volvo in Sweden," said Volvo Auto India managing director Paul de Voijs to PTI.
US auto giant Ford Motor's Gothenburg-based Swedish car unit Volvo Cars was bought by Zhejiang Geely Holding Group for a whopping USD 1.8 billion. On whether Volvo India could serve as an entry point for Geely in India, Voijs said, "There has been no discussion on that and we will continue to function independently."
Volvo in India had made its operations independent of Ford last October and renamed it as Volvo Auto India Pvt Ltd. Volvo Cars decided on its own about its India entry in 2007, followed by launch of its models and expansion business.
"We will continue with our own plans that have been announced earlier, which includes new products and network expansion," he added.
According to plans discussed earlier, Volvo will be bringing its sports utility vehicle XC60 and sedan S60 in the Indian market.
The company is also planning to ramp up its dealership network in the country to 12 by the end of this year from the existing seven.
