Volvo Cars to launch plug-in hybrid in second half of 2019
The company besides introducing the hybrid would also look at tapping rural markets
Swedish luxury car maker Volvo Cars India will introduce ‘Make in India’ battery operated plug-in hybrid during the second half of this year.
The company besides introducing the hybrid would also look at tapping rural markets in the country under its plan to expand footprint, Volvo India, MD, Charles Frump said.
Soon after the government had lowered customs duty on import of parts and components of electric vehicles to 10 from 15% in January, the company discussed its plan to bring in battery-operated electric vehicles to India, he said.
“I think we are going to be the first automotive company in India to have a Make in India, plug-in hybrid. That will be coming on XC90 in our Bangalore facility, in the second half of the year.
About the localisation level of cars to be introduced in India by Volvo, he said, “in October 2017 we opened our Bangalore facility and we started with XC90 and then over the course of last year we added X90 and XC60. Now, 60% of our vehicles are assembled in Bengaluru from a volume perspective.”
On tapping tier II and III markets, he said the company was looking at expanding in smaller cities.”Recently we added a dealer in Indore and Raipur. We opened a showroom in Calicut. Volvo has good representation in Vijayawada, Vishakapatnam and so there is good opportunity for us in some of the smaller growing markets”, he said.