Swedish luxury car brand Volvo Cars has announced three new senior management team appointments in India.

In the new organisational structure, Nalin Jain takes up the position of chief financial officer while Jyoti Malhotra joins as director (Sales, Marketing and PR) and Rajeev Chauhan as network director. The new appointments aim to enhance the experienced management team at Volvo Auto India and will play a key role in steering the growth trajectory of Volvo Cars in the country.

Speaking on the appointment of the new team, Tom von Bonsdorff, managing director, Volvo Auto India said: “This year has been a promising year for Volvo and we have an aggressive plan to grow further by launching many exciting new models, some of which will be game-changers for Volvo in India. The new robust team brings in industry, market and cultural experience with proven track record from different functions and markets. This team will lead our accelerating plans for India.”

He added, “We have an on-track plan for 20% year-on-year growth this year.  As a part of our expansion plan, we are looking at expanding our dealer network aggressively with Pune, Lucknow and Jaipur planned for this calendar year. We seek to increase volume of sales and secure a 10% market share in the luxury car segment by 2020.’’

Nalin Jain brings with him over 20 years of rich experience working in several operational and managerial positions at various renowned organisations both in India and abroad. His new position will see him focus on continuity and growth of Volvo in the luxury car segment.  Nalin comes to Volvo Auto India from the Volkswagen Group where he was working as CFO with the India sales team until 2015. Prior to this role, Nalin served as Head of Controlling, Volkswagen India between 2010 to 2013.

Jyoti Malhotra brings with him more than 21 years of rich experience spanning Indian passenger car and commercial vehicle industry, spread across different geographies and functions. During his previous stints, he has worked with Fiat India, Maruti Suzuki and most recently with Mahindra & Mahindra as vice-president (Sales). At M&M, he was recognised for playing an active role in growing the automotive business and also for being instrumental in building a strong sales team and driving a culture of outperformance. His diverse experience includes field sales, channel marketing, business strategy, sales training and used car operations.

Rajeev Chauhan, who will be leading the network team at Volvo Auto India, joins Volvo from Honda Cars India, where he was heading the dealer development team. He comes with an experience of over 20 years in the automotive industry with work stints at Daewoo and Honda, both in India and in the Middle East. His diverse job role ranges from service, service training, planning and strategy, to dealer expansion & dealer development.