Volvo Car’s Indian arm, Volvo Auto India, expects to beat industry growth even as it adds more products. Setting the tone for introduction of new cars is the early 2010 launch of the Euro V-compliant, twin-turbo, diesel- powered S90 sedan.
“The Indian luxury car market, comprising cars priced above Rs 24-25 lakh, has grown at 11% this year while Volvo Auto India has grown at 16%,” Paud de Voijs, managing director of the premium car maker said. Volvo Auto India sold 900 cars last year and expects to beat the 10% increase it had earlier proejcted for this year.
Mr de Voijs added, “The first container-load of the new S80 sedans is on its way to India and should be here around the time of the Delhi Auto Show.”
While the new S80 diesel will be Euro V compliant, faster and more powerful, its pricing is expected to match that of the current model, at Rs 38 lakh ex showroom, Delhi. Mr de Voijs said the exact pricing will be declared closer to its launch early next year.
However, Volvo Auto India will not be participating in the Delhi Auto Show. Mr de Voijs said, “Volvo Cars has decided internally to not participate in the Auto Expo. We will be focusing our resources towards the new car launches planned for 2010 and are working towards expanding the product portfolio in India with the proposed launch of Volvo XC60 in the first half of 2010.”
The XC60 is the billed internationally as the “small premium utility” vehicle and falls in the cross over category. The other car from Volvo that is slated for launch in India is the S60 sedan. “The XC60 and the S60, a sedan, are good products for the Indian market,” Mr de Voijs said.
Source - Economictimes