MUMBAI: Swedish luxury carmaker Volvo Cars India, located on the outskirts of the Indian market, is looking to challenge Germany’s big three luxury carmakers Mercedes-Benz and BMW-which will be launching a slew of hybrid and electric cars in the coming years. And Audi.

2020 Volvo plans to double its market share to 10 percent annually by 2020 and is considering introducing electric and hybrid options to its portfolio of entry-level to top-of-the-line cars over the next three years, which could eventually lead to increased sales. It can be assembled in China. The Volvo India automaker launched the car space a month ago.

Eventually, the company could be 10 years old This year have 4 to 5 hybrid and electric cars in the country.

Launching the new Volvo SSS 90′ last week Tom Von Bonsdorff, managing director of Volvo Cars India, told the Economic Times that the company sees its hybrid portfolio as a key differentiator.

“We really want hybrid to be known as our product. We have the ability to apply this technology to all our vehicles. If we can offer a good hybrid product, we will eventually be able to rank better in the premium segment. reach.”