Volvo Car Corporation on Wednesday showcased its new sedan C70 at the 9th Auto Expo and is planning to launch it in the Indian market soon.

"India is one of the very exciting luxury car market and this is the right time for us to expand in the country. The new C70 is not yet available in India but it might find its way to the country soon," Volvo Car India MD Paul de Voijs said.

Asked when the company was planning to launch the new car in the market, Voijs said: "By showing it in the motor show we will see the response and the enthusiasm in the market and take a call accordingly."

He, however, did not give any specific timing about the launch and price in the Indian Market, but said: "If you compare the prices of C70 in other markets and add up the import duties it will be somewhere between Rs 42-44 lakh (Rs 4.2-4.4 million)."

The Volvo C70 is the second generation convertible of C70 from the company, with a three-piece retractable hard-top that transforms the vehicle from coupe to convertible at the touch of a button.

The company, which already offers S80 as XC90, also plans to expand its dealership network across India in the current year and is targeting sales of over 500 cars.