Volvo Car India Records 33% Growth In First 6 Months Of 2023

Volvo Car India has recorded 33 per cent growth in the first Half of 2023. The company delivered 1,089 cars during the January to June period as compared to 818 units delivered in the corresponding period of last year. 

The company's growth was primarily driven by the XC60, which experienced a substantial 35 per cent increase resulting in 376 deliveries. Additionally, the locally assembled all-electric XC40 Recharge accounted for 27 per cent of the total volume, with 289 units sold during this period. 

“The performance in the first half serves as a promising indicator, instilling confidence that the upcoming months will yield even better outcomes. With the upcoming launch of our Born Electric model C40 Recharge in August, we aim to surpass our best ever year,” said Jyoti Malhotra, Managing Director of Volvo Car India. 

Volvo Car India upcoming C40 Recharge will also be assembled locally at the company plant at Hoskote near Bengaluru. Bookings for this all-electric crossover will open in August, with deliveries scheduled to commence in September.