Volvo India, the subsidiary unit of the Swedish luxury carmaker Volvo is aiming to achieve a market share of 4.5 percent in the Indian luxury car market by the end of the year 2013. According to Mr. Tomas Ernberg Managing Director Volvo Auto India, the automaker has increased its market from 1 percent in 2011 to 3 percent in 2012.
Mr. Ernberg added that the long term goal for the Indian car market is to achieve 15 percent of the market share in the Indian luxury car market by the year 2020. He also stated that the company is in the process of expanding its dealership network in order to boost sales and increase its market share.
Among the new dealership locations will be Kolkata and Vishakhapatnam where the showrooms will be opened by the company before the end of year 2013.
The automaker targets selling 1,000 units in 2013 and aims to reach 20,000 units by 2020.