Business Line reported that Volvo Auto India will bring its INR 25 lakh car, V40 Cross Country, unveiled recently in Paris, to India in March or April 2013 and increase its overall marketing budget in the country from INR 16 crore to INR 20 crore next year.
Commercially, this car will become available in the country in May to June 2013.
Mr Sudeep Narayan director marketing and PR said that also, the company could take a call next month to increase prices by 5%, although other carmakers have already affected a 6% to 8% price hike in the country.
Mr Tomas Ernberg MD of Volvo Auto India said that VAI, which appointed a dealer in Ahmedabad, hopes to sell 1,200 cars in Gujarat in 2013, as compared to 800 plus in the current calendar year. By 2020, it expects to sale 20,000 cars in the country, out of 150,000 luxury cars expected to be sold that year.
Volvo Auto, which commenced operations in the country in 2007, currently has 11 dealers across India.
Globally, the Swedish major is targeting to increase its current sales of 440,000 to 800,000 by 2020.
Source:
http://www.steelguru.com/indian_news/Volvo_Auto_India_unveil_INR_25_lakh_car_in_2013/296789.html
