Volvo Auto India on Wednesday launched an all-new version of its crossover model V90 Cross Country priced at Rs 60 lakh (ex-showroom). (File/Photo)Swedish auto manufacturer Volvo Cars on Wednesday said it will continue to push for hybrid and electric vehicles in India despite disappointing high tax rate on such vehicles under GST. “Yes, I am bit disappointed with the high GST rate on hybrid vehicles as it is not in line with the government’s push for environment friendly vehicles,” Volvo Auto India Managing Director Tom von Bonsdorff told PTI. Volvo Cars had announced that it would launch five fully electric cars between 2019 and 2021, three of which will be Volvo models and two high performance electrified cars from the stable of its performance car arm, Polestar. Expressing optimism on electric cars, Bonsdorff said: “The government’s plans to have an all-electric car fleet by 2030 goes in hand with Volvo Cars’ global vision.

Source: Indian Express July 12, 2017 11:15 UTC