Volvo India to Roll-out V-40 Cross Country in India - Indian Cars News

India is soon to witness one more luxury vehicle, which will come from luxury car major Volvo’s stable. Expected to be launched in the end of year 2013, the all new V-40 Cross Country is already offering its drive to Frankfurt people. According to Tomas Ernburg, price of the car needs to be complied with Indian market conditions, so it may be roughly about Rs.25 lakh (ex-showroom).

 
On the occasion of inaugurating a Volvo showroom in the country, Tomas said that Volvo had only 1% market share in India, which is expected to be about 2-3% this year. Though Volvo is gradually doing well, beating its rivals, but company wants more. On further growth expansion issues, he remarked that Volvo India aims to top the luxury car segment in India with 15 percent market share and around 20,000 cars sold by the year 2020, though it will steadily increase this number to 30,000 by year 2025.

 
Dreaming high for company’s growth plans, Tomas also said that Volvo is the most secure car in the world. Company will start its China plant’s operations probably by the year 2013, however he personally wished to open a facility in India, but it will be the assessment of the Company altogether. Moreover, company would twofold its production capacity from current 400,000 to 800,000.

 
Asking about investment plans, he mentioned that though it is hard to quantify the amount needed, company is desirous to increase its site’s numbers from 12 to 43 by the year 2020 resulting in more employment chances.

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