Note: The information is from a press release sent to us by the manufacturer. TURBOCHARGED is not responsible for any inconsistencies and inaccuracies in the below data.
New Delhi 20th October, 2023: Volvo Car India recorded an impressive 40% growth in the
January-September 2023 period. The company retailed 1751 cars during the period under
review as compared to 1251 units retailed in the corresponding period of last year. The
growth was primarily driven by the XC60, which contributed 35% of the total volume. Additionally, the locally assembled all-electric XC40 Recharge performed exceptionally well,
with 419 units during this period, accounting for 24% of the total volume. EV sales accounted
for 27 per cent of total sales during the nine months. Clearly Volvo EVs have caught the
fancy of Indian customers.
“It has been a remarkable three quarters with an encouraging 40% sales growth from
January to September 2023 as compared to last year, driven by the XC60 and our Pure
Electric offerings XC40 Recharge & C40 Recharge. This success reflects customer
confidence and our commitment to providing premium, sustainable vehicles to the Indian
market. We are truly delighted to witness the overwhelming affection and steadfast support
our customers have given upon our brand. We see an exciting fourth quarter ahead as we
have also come up with exclusive “Festive Delight offer” for our customers this season.” said
Mr Jyoti Malhotra, Managing Director, Volvo Car India.
Volvo Car India recently unveiled the C40 Recharge, its second electric car offering following
the XC40 Recharge. The C40 Recharge has got a very strong response from the Indian
market. Within first month of its launch, it has crossed bookings of 100 cars. The C40
Recharge will also be assembled locally at the company plant at Hoskote near Bengaluru.
The introduction of the C40 Recharge aligns with Volvo’s commitment to achieving a fully
electrified vehicle portfolio by 2030. This launch further solidifies Volvo Car India’s position as a prominent player in the luxury electric vehicle market, strengthening their dedication to
electrifying their entire product line-up alongside the XC40 Recharge.
