Volvo India, Indian subsidiary of Swedish automobile giant AB Volvo, would aim at double-digit growth for its Indian operations, a company official said.
The managing director of Volvo India, Ulf Nordqvist, told reporters here today that the company had already invested Rs 3,000 crore (Rs 30 billion) in the country for starting operations out of Bangalore.
The focus would be on continuity on investment and the operations had already achieved break-even in the country.
The company sold 1600 heavy duty trucks in the country, he said, adding Volvo India aims to be a niche player in the Indian market and does not want to be in the light commercial vehicle segment.
In the last calendar year, the company notched up a turnover of Rs 280 crore (Rs 2.80 billion). The Swedish parent's worldwide revenue stood at Euro 20 billion.