Volvo launches new S60, XC60 versions priced up to Rs 46.55 lakh

New Delhi: Luxury carmaker Volvo Auto India is aiming for 20-fold increase in its sales in India at 20,000 units per annum by 2020, for which it will drive in new models and enhance its service network. The company, which today launched upgraded versions of its two top selling models in India --S60 and XC60 -- priced between Rs 29.90 lakh and Rs 46.55 lakh (ex-showroom Delhi), is targeting to sell 1,000 units in 2013. "We are aiming to sell 20,000 units per annum in India by 2020. We plan to enhance our product portfolio as well as service network to achieve the desired results," Volvo Auto India Managing Director Tomas Ernberg said.Last year, the company had sold 811 units in the country. So far, it has sold a cumulative of 2,500 cars since it began selling cars in the country in 2007. On expansion of service network, Ernberg said: "We are planning to have around 40 dealerships by 2020. By the end of this calender year, we will have 15 dealerships in India." When asked if the company would introduce new models to achieve the sales target, Ernberg said: "We plan to have more models by then. We are investigating as which models would fit in the India market". The company currently sells five models in the country, including the S60 and XC60. Commenting on the sales projections for the current year, Ernberg said the company is looking to sell around 1,000 units in the calender year. "S60 and XC60 models would represent roughly 75-80 per cent of the sales. We are also looking to sell around 150-160 units of compact crossover vehicle V40 'Cross Country' during the year," he added. The company has already sold around 650 units in the current year, Ernberg said. When asked about the slowdown in the Indian car industry, Ernberg said: "It has been difficult in the past few months. Negative sentiment is there. But we believe it is a short term phenomenon. In the long term, India presents a fabulous opportunity". The new generation of S60 sedan would be retailed between Rs 29.90 lakh and Rs 35.50 lakh, the crossover SUV, XC60 has been priced between Rs 40.50 lakh and Rs 46.55 lakh (ex-showroom Delhi). "We have focused on quality and attention to details in order to give these models a major boost and sharpen their competitiveness," Ernberg said. He added that the company has been "listening very carefully to its customers" to make improvements and ensure that these cars are even more attractive. The enhanced models will have various new features like laser-assisted automatic braking and digital instrument cluster with three modes.

Volvo launches new S60, XC60 versions priced up to Rs 46.55 lakh

New Delhi: Luxury carmaker Volvo Auto India is aiming for 20-fold increase in its sales in India at 20,000 units per annum by 2020, for which it will drive in new models and enhance its

More From Business

Tata Steel to merge European operations with Thyssenkrupp to create 2nd largest steel behemoth

Bengaluru: I-T raids on S M Krishna’s son-in-law Siddhartha, owner of Cafe Coffee Day chain

5 reasons why TRAI’s decision on IUC cut will significantly boost RIL’s earnings

GST interim returns: Over 75 per cent eligible taxpayers waited for last day to file returns, says Jaitley

India replaces China as top retail destination in 2017: Study

Top News

UPI mechanism coming soon to ensure consumers not charged for MDR on transactions above Rs 2,000

US, China must ensure AI develops under human control: Xi Jinping at White House summit with Trump

Rahul Gandhi demands CEC Gyanesh Kumar's resignation, says he 'must turn approver' amid SIR row

Mushtaq Khan dies; revisiting his most popular 'meri ek taang nakli hain' dialogue from Welcome