India, Feb. 28 -- Swedish auto giant Volvo thinks that the rate of electric vehicle adoption in the luxury segment will be faster and higher than in the affordable mass segment in India. During an event held on Tuesday, the carmaker expressed confidence that it will sell one electric cars in every three vehicles this year, increasing the contribution of electric cars in overall sales. Volvo currently offers two electric vehicles - the C40 Recharge and XC40 Recharge SUVs. It also plans to introduce two more EVs by next year.

Volvo has a global ambition of going fully electric by 2030. The Indian market will be no different in Volvo's approach as the Swedish carmaker aims to expand its EV portfolio in coming days. The carmaker has revealed...