Volvo to move hybrid vehicle assembling to India for two models
Volvo will be assembli...
The Swedish car manufacturer, Volvo, has announced it plans to locally assemble two new models in India by the end of this year.
Volvo will be assembling its XC60 model and the V90 cross country in a bid to compete with German luxury car manufacturers in the Indian clean vehicle market.
The move also attempts to prepare for the future of the automaker industry, as emission standards become stricter.
In October last year, the company had already started locally manufacturing the XC90 and S90 models at its facility in Bangalore.
Volvo says it hopes to expand its sales network in India, hoping to open one new dealership every month until the end of 2018.
Most parts are still shipped on demand from Sweden, but the company hopes that by opening a new central parts warehouse in India, it will not have to wait for shipping in the future.
Coupled with the expansion of the Bangalore factory, this will boost local production immensely.
Volvo Car India Managing Director Charles Frump said, according to The Hindu: “The biggest gap we have here is that we don’t have a small SUV and XC 40 fills that gap. Right now, we have 21 dealerships and we will get to 29 stores by the end of this year. So that will give us full coverage of India.”
"It is a not a question of if, but when we will start assembling hybrid vehicles in India,” Frump told the Economic Times.
“There are various studies going on and we are trying to convince the government on why hybrids are an important bridge towards complete electrification.”
Volvo India sold about 2000 units last year, enjoying year-on-year growth of 28%.
SAP Whitepaper: Advantages of Intelligent Assets
A core pillar in SAP’s Industry 4.0 strategy, Intelligent Assets equip organisations to reduce downtime, empower employees and increase efficiencies across industrial equipment and manufacturing units.
In a whitepaper produced in partnership between SAP and BizClik Media Group, Rachel Romanoski, Solutions Manager, Digital Assets, SAP, dispels some of the myths surrounding asset intelligent, and shares insight into how even small investment in asset intelligence can pay dividends in minimising cost leakage and realising an asset’s potential.
As with all innovations, the ceiling for Intelligent Assets is as high as an organisation can dream, afford and implement. But Romanoski says that just a little intelligence can go a long way: “Oftentimes people think Intelligent Assets need to be the latest and greatest cutting-edge technology. They can be super advanced, such as leveraging physics-based engineering simulations to forecast potential failures, and help mitigate them. But it could be as simple as a temperature reading. You can pull a lot of simple information from most equipment, and by enhancing that data through ancillary solutions and digital capabilities, you can create that Intelligent Asset.”
One of the most immediate benefits is reducing or, in some cases, eliminating unplanned downtime. Equipment failure is one of the most common causes of disruption and can cause chaos throughout the supply chain.
“The true power of the Intelligent Asset is in changing the basic, reactive emergency work or time-based, planned maintenance and being more prescriptive and tailored to that specific asset and use case,” Romanoski says. “Ultimately, you can reduce the unplanned events that often carry a big price tag.”
"Oftentimes people think Intelligent Assets need to be the latest and greatest cutting-edge technology... But it could be as simple as a temperature reading"
Other financial benefits include stemming cost leakage and “sweating assets” to the full potential. “Maybe you can consider the lifecycle of the asset and understand whether you can push it a little bit further,” Romanoski explains. “It might be that the best course of action for a low-cost item is to run it to failure. Having this information that we collect over time empowers those people to make those better decisions, but also has a trickle down effect to building resiliency and efficiency into the entire supply chain.”
To read the full report, including insight from Intelligent Assets, Intelligent Factories, Empowered People, and exclusive insight from Dominik Metzger, the lead on SAP’s Industry 4.0 programme, CLICK HERE.