Volvo India To Unveil 6 Car Models

Chennai: Volvo Car India is in the process of launching six new models in the Indian market in phases. The company will also initiate talks with about 80 candidates who have applied for opening dealerships in eight cities.The company has three dealerships in Chandigarh, Delhi and Mumbai and delivery of the cars has began. At present, the company is looking at setting up dealerships in 8 cities - Ahmedabad, Bangalore, Chennai, Jaipur, Hyderabad, Kochi, Kolkata and Jaipur. A new dealership will need to spend about $200,000 (Rs 80 lakh) to equip the showroom and service centre, apart from investments in land and building. The company hopes to unveil 6 new models, V50 and V70 (station wagon), C30 (3-door coupe), C70 (2-door coupe convertible), XC60 and XC70 (both crossovers). The company expects to sell 500 cars in the current year. By 2009, Volvo would have 14 dealerships, covering a large part of the country