 "Volvo")
Sweden’s luxury car maker Volvo is planning to scale up its market share in the Indian luxury car segment to 10 per cent by 2020 from the current 7 per cent. The luxury segment in the country is dominated by German brands.
Volvo said it will also start assembling hybrid electric cars in India from this year. This will make Volvo the first car maker in this segment to assemble hybrid-electric cars in India. Next year, the company will start assembling full electric vehicles for India.
Speaking to Business Standard after inaugurating a Volvo Personal Service (VPS) dealership in Chennai
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