Volvo India, the Indian arm of the Swedish automobile manufacturer Volvo announced a target of 35 percent growth in sales in the year 2013. The automaker plans to sell about 1,100 cars in India in 2013 in comparison to 821 units sold in the year 2012.
The carmaker’s share in the Indian luxury car market currently stands at 2.8 percent while it expects to achieve 15 percent of the market share in Indian luxury car segment by 2020, states Mr. Tomas Ernberg Managing Director Volvo Auto India.
Mr. Ernberg stated that the company has been able to improve sales in the Hyderabad region and will execute similar promotional activities in other South Indian cities such as Kochi and Chennai. The automaker is also planning to introduce the new V 40 Cross Country in India in the second half of 2013.
The Swedish car manufacturer is currently also working on the launch of service centers in India and expects to open 13-14 service centers by the end of the year 2013.