India Among Contenders For Volvo EV Plant Outside China – ET

Volvo's electric C40 Recharge. Photo: Reuters

Swedish luxury carmaker Volvo Cars is looking to set up a global electric vehicle-manufacturing plant outside of China, with India and other Southeast Asian countries being considered as its possible location, The Economic Times reported.

Volvo Cars chief Jim Rowan told the Indian publication that the automaker is assessing logistics and “cost benefits” as the plant will “feed other countries other than just India… But (we are looking) in Asia, that’s something that we’re looking at the moment,” he said.

Read the full report: The Economic Times.

Funding Doubled for India’s EV Sector in 2022 – B Standard

India Planning to Classify Clean Tech to Attract Investors

Rising Uptake of EVs Spurs Rethink of India’s Fuel Demand

Renault Looking at ‘Made-in-India’ Electric Vehicle Plan

Apple Chief Tim Cook ‘Very Bullish’ on India – Nikkei

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has been working as a digital journalist since 2013, and is an experienced writer and multimedia producer. As an eager stock market trader and investor, she is keenly interested in economy, emerging markets and the intersections of finance and society. You can tweet to her @saxenavishakha