Volvo rolls out 3 new variants at lower prices
Swedish carmaker Volvo has slashed prices of its three luxury models in India by introducing new variants of the sedan S60, S80 and sports utility vehicle XC60 at introductory price between Rs 23.2 lakh and Rs 35.9 lakh (ex-showroom Delhi).
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Volvo is eyeing a 15 per cent market share of India's luxury car market by 2020 by selling over 20,000 units a year by then. Last year, Volvo Auto India sold 320 units and is aiming to sell 800 vehicles in 2012.
The company is aiming to be among the top three in the Indian luxury market, currently led by German automakers BMW, Mercedes-Benz and Audi.