Volvo
Cars India has announced that Jyoti Malhotra has been appointed as Managing
Director of the company. Forty nine year old Jyoti Malhotra will be the first
Indian to head Volov Cars in India. Jyoti, currently serves as the Director
Sales & Marketing. He joined the company in August 2016.
Charles
Frump has been at the helm since October 2017. Charles has completed a
successful tenure in India and is moving over to another global assignment.
Jyoti takes over from Charles on March 1, 2021.
Charles
has steered Volvo Cars India towards becoming a major luxury car player in the
Indian automobile industry. During his tenure, the company started its local
production in India, introduced new generation models to offer the unique
Swedish luxury experience to its customers and expanded Volvo’s footprint in
India. Under Charles’ leadership, Volvo Car India delivered record results in
both market share and earnings.
Charles
also successfully led the company during the most critical COVID lockdown
period. The company has an ambitious plan of going for electric vehicles
beginning with a soon-to-be launched XC40 Recharge.
Malhotra
has over 24 years of automotive experience in Sales & Marketing domain. He
has held national, regional and local positions in various automotive companies
in India namely Mahindra & Mahindra, Maruti Suzuki and Fiat Auto India
before taking over as Director Marketing and Sales in Volvo Car India.
Jyoti
Malhotra holds MBA & Bachelor’s Degree in Engineering from Pune University.
He has also completed Global Program for Management Development from the
University of Michigan - Stephen M. Ross School of Business. He has been in the
automobile sector from the very beginning, having worked with leading brands in
India.