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Volvo To Launch Electric Car In India In 2019
Swedish automaker Volvo has stated that it will launch its first EV in India in 2019.
Swedish automaker Volvo is known for its technological advancement and safety features in the automobile industry. Now, the company is set to enter the EV segment.
As part of Volvo's India plans, the Swedish carmaker will have hybrid technology on all its cars by 2018 and will launch its first electric vehicle in India in 2019.
Despite the new GST rates on hybrid vehicles, Volvo has not changed its plans. Volvo's new plant in Bangalore will be operational in 2018. So, the XC90 and S90 will enter India as CKD products.
Managing Director of Volvo India, Tom von Bonsdorff stated that the Volvo cars would be priced closer to its rival manufacturers. So, you might not get the expected price reduction despite the local production.
Volvo also said that the government's plan to shift to electric vehicles by 2032 is highly ambitious, but this kind of goals will bring such a change. Volvo will launch the electric vehicles in India which is likely to be based on the XC60 and S60 platform.
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The Government of India has already stated that by 2032, the country will shift to electric vehicles. Volvo's plans to launch electric vehicles in India will help to achieve this goal, as more and more manufacturers will enter the EV segment.
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