Volvo India Records 40% Growth In Jan-Sept 2023 Period – 1,751 Units Sold (Press Release) | V3Cars

Volvo India recorded a 40% growth in sales by selling 1,751 units in the January-September 2023 period. The XC60 played a primary role in the sales growth by contributing 35% in the overall sales while the locally assembled XC40 Recharge EV accounted for 24% with 419 units sold in this period.

Volvo India

The XC40 Recharge’s coupe sibling, the C40 Recharge, was launched in September this year and achieved 100 bookings within its first month. Both the XC40 Recharge and the recently launched C40 Recharge share the same battery pack and electric motors. Like the XC40 Recharge, the C40 Recharge is locally assembled at the company’s manufacturing plant in Hosakote, near Bengaluru.

Out of the total sales, EVs accounted for 27%. The manufacturer recorded a 40% sales growth in three quarters as compared to last year.

Also Read: Tata Safari Facelift Full Price List Revealed – Variants, Colours And Specs 

Note: Instantly Sell Your Old Car With V3Cars Sell Used Car Platform

Here’s what Volvo have to say about the latest achievement:

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.

Also Read: Tata Harrier Facelift Full Price List Revealed – Variants, Colours And Specs 

Note: Now Find Out The Fuel Price In India Using V3Cars


Saloni Chaudhary

Saloni is a skilled wordsmith with a degree in journalism and mass communications. Saloni is also a poetess who likes to capture the essence of human experiences, leaving an indelible imprint on the hearts of those who encounter her art. From reading about fashion, she also likes to read about classic motorcycles and vintage cars.


Leave a Reply