Volvo unveils 40 series concept cars

Volvo has unveiled two concept cars based on the company's Compact Modular Architecture (CMA). Called the 40 series concepts, they will come with electrification and autonomous drive technologies.

The concept cars will be powered by a battery alone or a twin engine plug-in hybrid powertrain. The first 40 series car is expected to go into production in 2017.

The T5 Twin engine is based on the new, 3-cylinder petrol engine. It comes along with a 7-speed dual clutch transmission, which is coupled to an electric motor. The cars will come with a front wheel drive configuration.

Volvo's global sales for the first quarter of 2016 have gone up by 11.9% to 1,20,591 units. The company sold 5,03,000 in 2015. It aspires to sell around 8,00,000 cars a year and plans to have sold a total of up to 1 million electrified cars by 2025 globally.