Volvo Car India, an arm of the Swedish motor company, is aiming for a 10 per cent market share in India’s luxury car market by 2020. Volvo Car India grew in double digits in 2017 and H1 (Jan-June), 2018. Growth in 2017 calendar year was 28 per cent while H1, 2018 is 33 per cent.
Addressing a press meet at city company’s director public relations and corporate communications Sudeep Narayan said that the company has registered overwhelming performance across the country and is confident to gain 10 per cent market share by 2020. He informed that Volvo Car India has presence in 21 cities - 20 dealer partners and 23 showrooms (as of today).
He said that company’s dealer at Kolkata Sanwaria Automobile Private limited is catering to the needs in cities like Jamshedpur, Ranchi and other towns. The automaker has been aggressive in bringing its global models to smaller cities. The company is focusing on electric cars and plug-in hybrids, which are electric vehicles that can also run on conventional fuels.
Nikunj Sanwaria director of Sanwaria Automobile Private limited said that the response from Jamshedpur has been overwhelming and 23 people have registered for test drive. Founded in 1927 and headquartered in Gothenburg, Sweden, Volvo entered India in 2007.
Geely, a Chinese multinational automotive manufacturing company, acquired Volvo Cars in 2010 from Ford.