That’s complicated, it’s like asking if we can consider range Rover an Indian brand or British brand still.
Close to 100% of Volvos since 2015 have been Chinese made and engineered. Volvo's Swedish operations was limited to design since then. Design teams for Volvo is still mostly Swedish but the engineering and manufacturing (tooling and machinery for production) are all Chinese for 10 years.
Tata and India does not and cannot engineer Land Rover or Jaguar cars. Both Land Rover and Jaguar are close to 100% designed, engineered and manufactured in the UK.
Yes none of this consider third party suppliers in which case even South African built Mercedes have tonnes of Chinese sourced parts. Just counting OEM components, India barely supplies anything to JLR.
So while Volvo is owned by Geely like JLR is owned by Tata, that's where the similarities stop. India is still incapable of designing, engineering and manufacturing those cars whereas Volvo has been engineered and manufactured almost entirely in China for a decade.
So objectively speaking, if God or some impartial superintelligence were asked this question, they would say Volvo is a Chinese car with past Swedish founding and JLR are British founded, designed, engineered and produced cars owned by an Indian company.
Geely can produce... well Geely cars which are Volvo level and down, Zeekr which is Volvo level, Lynk & Co which is also Volvo level and Polestar (another Swedish origin brand now completely engineered and manufactured in China with Chinese machinery for the last 10 years) which is higher than Volvo level.
Tata has not produced a car even approaching Geely's economical car level.