Volvo India Registers 38% Sales Growth In Q1 2023

Volvo Car India recorded a 38 per cent growth in the first quarter of 2023. The company sold 544 cars during the January to March period as compared to 393 units sold in the corresponding period of last year. The growth was led by the XC60 which registered a 27 per cent growth. The locally assembled all-electric XC40 Recharge saw 138 units being delivered during this period thereby contributing 25 per cent of the total volume.

Jyoti Malhotra, Managing Director, Volvo Car India, said, “The first quarter performance is a good indicator and we are confident that the coming quarters will show better results. We remain committed to introducing a new electric model every year.”

The Company has recently delivered its 200th XC40 Recharge all electric car. Post the commencement of bookings in 2022, the company had booked 500 XC40 Recharge cars. The next EV to hit the Indian shores will be the C40 and that car will be launched this year in the country.