Volvo to launch XC40 Recharge- first full electric car in India in October 2021

Swedish luxury car maker Volvo Car India today announced that it will commence deliveries of  its first full electric car – The XC40 Recharge  in October 2021.   "We are committeed to becoming a leader in the fast-growing premium electric car market and plan to double our volumes in the next two years. We will commence bookings of our first pure electric SUV, XC40 Recharge in June this year and start deliveries three months hence. By 2025 electric cars should constitute 80% of our annual sales" said Mr. Jyoti Malhotra, Managing Director, Volvo Car India As part of its sustainability initiatives, the company announced that it aims to become carbon neutral by 2040. The Company is also gearing towards having all Its dealerships in India becoming Green Dealerships. It is undertaking skill upgradation of its dealer workforce to familarize them with the new technology of electric cars as well as to respond to the exacting requirements of its customers. The Company intends to sell only fully electric cars and phase out any car, in the portfolio, with an internal combustion engine, including hybrids by 2030. This is in sync with the Company's global climate plan, which seeks to consistently reduce the life