New Delhi, Sept. 2: Volvo India today launched its latest range of trucks, FM12 and FM9, fitted with 300 HP engines.
The new models would have better safety features and fuel economy, Volvo India managing director, Ulf Nordqvist, told reporters.
“Our target is to sell 1,000 of these trucks in the next four years,” he said.
The models, which required an investment of Rs 2,900 crore, would also have a new electronic system, a new chassis range, and an updated exterior with improved aerodynamics.
Meanwhile, the local unit of Japanese automaker, Toyota, expects to achieve a 10 per cent share in the domestic passenger vehicle market by selling 1.6-1.7 million units, including commercial vehicles and small cars, by the end of this decade.
“It is our vision to sell 1.6-1.7 million units and corner a 10 per cent market share by 2010,” managing director Atsushi Toyoshima said.