Volvo targets 15% of luxury car market

Volvo Auto India Pvt Ltd, a part of Swedish luxury car maker Volvo, is planning to explore the Indian market, with a target to grab 15 per cent of the Indian luxury car market by 2020. The company is planning to expand its presence in India and would launch new models to achieve the target, said Tomas Ernberg, managing director, Volvo Auto India Pvt Ltd.