Reports in the Economic Times clarify in part Volvo’s plans for its Indian operations. India is to become a sourcing hub for its world-wide operations, and, as a result, Volvo plans to increase its Indian R&D and engineering design activities, IT services and auto components sourcing. Last year, the Swedish OEM sourced €70 / $91.97 / £46.95 from India. Initially, Volvo will increase the headcount at its engineering design office.