India, Oct. 17 -- Swedish luxury auto maker Volvo Cars unveiled its first fully electric car, the XC40 Recharge.

The XC40 Recharge is a part of the electrified car portfolio that Volvo plans to introduce under the new 'Recharge' sub-brand. The company said it plans to launch a fully electric car every year over the next five years. Volvo aims to make all-electric cars 50 percent of global sales by 2025, with the rest hybrids.

"We have said this several times before: for Volvo Cars, the future is electric," said Hakan Samuelsson, chief executive. "Today we take a major new step in that direction with the launch of our fully electric XC40 and the Recharge car line."

The XC40 Recharge offers a range of over 400 km (WLTP) on a single charge ...