Swedish luxury carmaker Volvo Car India has announced its sales for 2023, which saw it registering 31% increase in overall sales compared to the previous calendar year. The company delivered 2,423 cars in 2023 as compared to 1,851 units for the same period last year.
During the year, the luxury carmakers locally assembled all-electric XC40 Recharge performed exceptionally well, with 510 units sold during this period. The XC60, the top-selling model, witnessed a significant surge, resulting in 921 deliveries in 2023. The C40 Recharge has also shown great response and accounts for 180 units within a short period in 2023.
In terms of key markets Kerala and Tamil Nadu showed higher adoption of Volvo Car India’s electric vehicle offering, surpassing 100 deliveries each.
Jyoti Malhotra, MD, Volvo Car India said, “2023 has been an impressive year in terms of growth. A 31% growth over the previous year showcases consumer confidence to our product offering and in the brand’s commitment to safety, sustainability, and innovative design. The outstanding surge in XC40 Recharge sales and the encouraging response to C40 Recharge highlights the strong customer response to our electric models thus furthering our resolve to launch one new EV model every year.”
In September 2023, Volvo Car India introduced its second electric vehicle, the C40 Recharge, following the success of the XC40 Recharge. Assembled at the Hoskote plant near Bengaluru, the C40 Recharge the company says shows its commitment to local manufacturing.
The Swedish luxury carmaker aims to unveil one electric vehicle annually and achieve a fully electrified vehicle portfolio by 2030.
