Swedish luxury carmaker Volvo is planning to launch a new luxury sedan in India by 2010. The luxury sedan S60 will be launched in India after the company re-launches the car in the European car market, which will happen sometime during the middle of next year.
"We will be launching the S60 in the Indian market after it is rolled out in Europe in the middle of next year. We hope to have it in India before the end of 2010," said Paul de Voijs, Managing Director, Volvo Cars India.
The S60 has been phased out completely in May this year and the new S60 will be a completely new and advanced version of the car. The S60 would be brought to India as a Completely Built Unit (CBU) from its parent facility in Belgium.
"We will look for annual sales of, may be, around 2,000-3,000 units before setting up an assembly plant here. Our major plants in Sweden and Belgium have still got a lot of extra capacity," said Voijs.
The company seems to be very enthusiastic about the fast growing luxury car market of India. Currently Volvo has three models in its portfolio in India that are Volvo C70, Volvo S80 and Volvo XC90.