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Volvo bets on plug-in hybrid and electric cars for India

New Delhi: Swedish luxury-car manufacturer Volvo Cars is betting on plug-in hybrid and electric record over a required inner explosion engine (ICE) in a Indian market.

Last year, it sole 2,029 vehicles in India, flourishing 28% from a prior year.
Last year, it sole 2,029 vehicles in India, flourishing 28% from a prior year.

The automaker, that has been assertive in bringing a tellurian models to India, will now not deposit in diesel vehicles here. Instead, it will concentration on electric cars and plug-in hybrids, that are electric vehicles that can also run on required fuels.

“We are now going entirely after electric. Indians are articulate a lot about electrification. We would like to skip a ICE investments and go true towards electrification,” Richard Snijders, vice-president for a Asia-Pacific Region during Volvo Cars, said. “We design to launch a initial plugin hybrid automobile within 18 months and substantially an electric automobile in a subsequent 12 months after that.”

Volvo Cars India handling executive Charles Frump pronounced a association was operative on a plug-in hybrid. He was some-more specific on a launch plans, observant that it would expected launch a XC90 SUV with plug-in hybrid record in final entertain of this mercantile year. Volvo Cars is also assured that it will stop creation “ICE-only” models from 2019.

Industry sources reliable a company’s skeleton to move in a high-end XC90 SUV with a plug-in hybrid technology. Also, it is deliberation rising a recently denounced oppulance sedan S90 in India.

With Wednesday’s launch of a new XC40, that is a cheapest indication in a stable, and healthy direct for a top-selling XC60, a association is targeting sales of 3,000 cars in India this year and 5,000 units annually by 2020. In a prolonged term, a aim is 10,000 units a year, Snijders said.

Last year, it sole 2,029 vehicles in India, flourishing 28% from a prior year.

To means a expansion movement along with new indication launches, Volvo Cars will supplement 5 dealerships to a network this year in India, holding a sum count to 27.

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