Jyoti Malhotra succeeds Charles Frump as MD of Volvo Cars India
Jyoti Malhotra becomes the first Indian to head the company in India.
Swedish carmaker Volvo Cars' India arm has announced the appointment of Jyoti Malhotra as managing director. Forty-nine-year-old Malhotra, who will be the first Indian to head Volvo Cars India, currently serves as the Director - Sales & Marketing. He joined the company in August 2016.
Charles Frump, who has been at the helm of affairs at Volvo Cars India since October 2017, has completed his tenure in India and is moving over to another global assignment. Malhotra takes over from Charles on March 1, 2021.
In his three-year innings in India, Frump saw Volvo start local production in India, introduce new-generation models and also expanded the carmaker’s footprint in India. Under his leadership, Volvo Car India delivered record results in both market share and earnings. The company has an ambitious plan of going for Electric vehicles beginning with a soon-to-be launched XC40 Recharge.\
“India is one of the most dynamic automobile markets in the world and it has been an honour to be a part of the same for over three years now. My journey during this time has been very exciting. We expanded our footprint in India, initiated customer-focused programs, rolled out our product facility and made the luxury car ownership experience extremely convenient and simple. At present, we are at a critical juncture in the Indian market where the industry is moving towards a significant transformation to electric mobility and I am confident Jyoti will lead the company through this phase in an extremely seamless manner. And I feel extremely proud to announce Jyoti as the first Indian to head the company in India” said Charles Frump, Managing Director, Volvo Cars India.
Malhotra, who has over 24 years of automotive experience in the sales and marketing domain, 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.
Malhotra holds an MBA & Bachelor’s Degree in Engineering from Pune University. He has also completed the Global Program for Management Development from the University of Michigan - Stephen M. Ross School of Business.
Commenting on his new role, Malhotra said, “It is indeed a challenge to take over from Charles who was instrumental in growing the company to its present level. These are exciting times with the Indian automobile sector being on the phase of transition to the electric vehicle era. Volvo India is gearing up for the same and I look forward to this major shift in our company’s offerings. I thank Charles for his contributions towards the development of Volvo Car brand in India and I wish him success in his future endeavours.”
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