Inspite of the car market moving to a negative terrain, Volvo Car India (VCI) works for the expansion plan. The company is optimistic that the current slack phase of the industry will soon be rectified.
The Volvo has already introduced a portfolio of 10 cars to the Indian market including three sedans, one station wagon, two convertibles, and three cross-over model. The company has tested the performance of these cars in the Indian market and is much satisfied with the good response from both the market and the buyers. The company plans to launch two or three new cars and also strengthen its dealer network. It also desires to meet a sales target of about 400-500 vehicles by the end of this fiscal year.
Currently, Volvo has dealers in Delhi, Mumbai, and Chandigarh. It further plans to extend the dealer network to other cities like Hyderabad, Bangalore, Cochin, and Pune.