In Conversation with Volvo Car India's Jyoti Malhotra

The company is considering India for future production and export bases and anticipates continued growth in the luxury EV sector, driven by the right product mix, ecosystem development, and financial options.

By Ketan Thakkar calendar 12 Mar 2024 Views icon4084 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
In Conversation with Volvo Car India's Jyoti Malhotra

Volvo Car India is setting its sights on a green future, expecting 33% of its 2024 sales to come from electric vehicles (EVs), up from 28% in 2023. The company achieved significant growth last year, selling 690 EVs out of a total of 2423 cars, marking a 31% increase in overall sales. With the XC40 and C40 models, Volvo was the second-largest EV brand in India in 2023, capturing over 24% of the luxury EV market segment.

Jyoti Malhotra, Managing Director, Volvo Car India, shares the company’s plans to introduce new variants and expects the launch of the EX30 and EX90 models in 2025 to further increase EV sales. The company aims for a complete transition to electric vehicles by 2030, aligning with its global commitment.

Also read
Volvo Car India expects 33% of its sales to be EVs in 2024

Volvo to launch EX90, EX30 electric SUVs in India by 2025

 

RELATED ARTICLES
Deep Drive Podcast: What's up at Honda, Yamaha, Suzuki and Kawasaki in India?

auther Autocar India calendar12 Jul 2025

We explore the current developments at Honda, Yamaha, Suzuki, and Kawasaki, focusing on the strategies each manufacturer...

Deep Drive Podcast: The History of Tata Motors And the Road Ahead

auther Autocar India calendar05 Jul 2025

This special episode is all about Tata Motors - its early years as a truckmaker, journey as a carmaker, meteoric rise up...

Deep Drive Podcast: Car Sales in FY2025 Analysis Video

auther Autocar India calendar28 Jun 2025

We analyse car sales for FY2025 and talk about data, trends, and the winners and losers.