The Swedish automaker Volvo cars have registered the record half-yearly sales growth of 33 per cent in the Indian market. The Indian subsidiary of Swedish carmaker Volvo sold 1,242 units in Jan-June 2018, compared to 933 units in the January-June period of 2017.
Talking about the achievement, Charles Frump – Managing Director, Volvo Car India commented, “We are extremely happy with our growth pace and intend to keep up the momentum for the rest of 2018. The recently launched XC40 is our first offering in the entry level SUV segment and we expect the XC40 to build a new customer base for us and drive sales.”
According to a statement released by Volvo Cars India, the best till date sales growth by Volvo has been achieved by the robust selling of the XC60 which contributed 25 per cent of the total sales volume. Also, the addition of S90 to local assembly, aggressive network expansion and brand engagement programmes led to the best-ever half yearly sales performance for the company, it added.
Apart from these, the carmaker is set to witness a significant growth in sales with the roll out of its newly launched small SUV, the XC40. The Swedish automaker expects the model to bring new customers to its brand with the launch. Other than this, the Swedish car maker has also announced plans to locally build the XC60 SUV soon at their Bengaluru unit.
The January- June 2018 has proved to be an amazing time period considering the growth attained by the luxury car makers in the Indian market. Other than Volvo, German luxury automakers such as Mercedes and BMW reported record sales during the same time period. While Mercedes-Benz sold 8,061 units, registering a growth of 12.4 percent over the previous year, the sales of BMW and Mini combined totaled 5,171 units, up 13 percent compared to the H1 sales of 2017.
Stay tuned to V3cars.com for further details on the future plans of Volvo India.