Volvo Car India records 40% growth from January to September 2023

Volvo Car India recorded a 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 percent of total sales during the nine months. 

“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 and C40 Recharge. This success reflects customer confidence and our commitment to providing premium, sustainable vehicles to the Indian market. We see an exciting fourth quarter ahead as we have also come up with an exclusive “Festive Delight offer” for our customers this season,” said Jyoti Malhotra, Managing Director, Volvo Car India.

Volvo Car India recently unveiled the C40 Recharge, its second electric car offering following the XC40 Recharge, which received a good response from the Indian market. 

Within the 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.