He said that the transport industry accounts for 20 per cent of the world’s total greenhouse gas emissions and if automobile companies take pledge to reduce emissions then it will bring huge change in the environment.
Powering the C40 Recharge EV is a 69 kWh lithium-ion battery and a single motor, producing a peak power of 232 hp and a max torque of 420 Nm.
Vikram Pawah says the company is now working on ramping up supplies from its global EV facilities, from where the products are imported through the CBU route. BMW India is also exploring the feasibility of assembling its EV portfolio at its Chennai facility.
In the wake of World EV Day, it is time to look at the road ahead and the challenges to electric mobility that need urgent resolution.
Volvo has an ambition of having one million electrified cars on road by 2025 across the globe and expects India to also contribute towards that target, he added.
A boom in the foundry sector similar to the IT boom of the past decade is expected in the country, Volvo India Managing Director Kamal Bali said today.
The commercial vehicle (CV) industry has been struggling this past year. There was some relief when the government stated that its primary aim is to boost growth. However companies are bracing for a bumpy ride this coming year as well, reports CNBC-TV18's Swathi Narayanan.
Swedish automaker Volvo is stepping up its India business in an effort to increase its presence across product platforms.
The company aims to become a billion dollar business by 2015 and will be on track to achieve its ambitious target, indicated Passey. It would be investing around Rs 400 crore for products and manufacturing capacity.