Volvo to introduce C40 EV in Q4 2023: EV vehicles in India by 2025

Delhi : Earlier than its global goal of becoming a fully electric car company by 2030, Swedish luxury carmaker Volvo Cars intends to go fully electric in India as early as 2025, a senior company official has revealed. The company intends to introduce one electric vehicle annually in India going forward and is scheduled to introduce the electric version of its SUV C40 in Q4 2023.

Nick Connor, Volvo Cars' Head of Commercial Operations for the rest of Asia-Pacific, claimed that because the company is a niche player, it can afford to transition to producing only battery electric vehicles (BEVs) much sooner than its rivals. "I believe we'll move faster. We can attempt it next year, perhaps in 2025. In India, we will have 100 percent electric vehicles by the time we reach our stated goal of being 50 percent electric globally. Australia, for instance, has already declared that by 2026, we'll be entirely electric "He informed the press.

Although the market for pure BEV luxury vehicles is small and insufficient for the company to be competitive, Connor thinks that the market for BEVs is growing faster than anticipated and that the company's turning point will occur relatively early as the market matures.

The current Volvo Cars India lineup includes the fully electric XC40 Recharge, SUVs the XC90, XC60, and XC40, as well as the sedan S90. The business intends to import completely knocked-down (CKD) versions of the XC40 BEV and C40 BEV for later assembly at its Bengaluru plant. The company sold roughly 1,800 units in India last year and anticipates its best sales year, surpassing the 2,600 units sold in 2018 as the previous high.