Volvo clocks over 30% increase in sales in 2023, XC60 remains its best-seller

Volvo clocks over 30% increase in sales in 2023, XC60 remains its best-seller

  • Volvo launched the C40 Recharge electric SUV as its second fully-electric model in India last year.
Volvo Cars in India offers two fully electric models in C40 Recharge and XC40 Recharge. The latter found more than 500 homes across India in 2023.

Swedish auto giant Volvo Cars has clocked a significant jump in sales in 2023. The carmaker said it has sold more than 2,400 units in India, registering a growth of 31 per cent compared to 2022. In the previous year, Volvo had sold 1,851 cars across the country and emerged as one of the leading luxury vehicle manufacturers in India.

On Friday (January 5), Volvo released its India sales report for last year. The carmaker sold 2,423 units during this period. It garnered most of its sales from its flagship model XC60 SUV which remains its best-selling model in the country. Even its electric SUV XC40 Recharge contributed handsomely with one-fifth of its overall sales coming from the model.

Volvo is now gearing up for increase in sales in India this year. Jyoti Malhotra, Managing Director at Volvo Car India, said, “The year 2023 has been an impressive year in terms of growth. A 31 per cent growth over the previous year exhibits consumer confidence.” The carmaker recently launched the C40 Recharge electric SUV which contributed with 180 units since its introduction in September last year. More than half of the electric SUV were bought in states like Kerala and Tamil Nadu.

The C40 Recharge is the second pure electric offering from the Swedish luxury car brand after the XC40 Recharge. It is priced at 61.25 lakh (ex-showroom) and sits above the XC40 Recharge as Volvo’s most premium EV offering in India. The C40 Recharge comes equipped with twin electric motors paired with a 78 kWh lithium-ion battery pack and an AWD drivetrain. The dual electric motors are capable of generating 402 bhp of peak power and 660 Nm of maximum torque. The EV is capable of accelerating 0-100 kmph in 4.7 seconds at a top speed of 180 kmph.

Also watch: Volvo C40 Recharge electric SUV first drive review

The XC60 SUV, Volvo’s best-seller in India, saw a significant surge in sales last year. The carmaker said it retailed 921 units of the SUV in 2023. The SUV was launched in a mild hybrid avatar back in October 2021. The XC60 SUV comes powered by a 2.0-litre petrol engine which is mated to a 48V battery pack. The SUV is capable of generating up to 250 hp of power and 350 Nm of peak torque.

First Published Date: 05 Jan 2024, 16:47 PM IST


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Year Ender 2023: Electric cars launched in India this year

Year Ender 2023: Electric cars launched in India this year

India is one of the fastest-growing electric vehicle markets in the world. Over the last few years, both legacy players and EV startups have been drastically transforming the landscape of the Indian EV industry. Electric two-wheelers dominate the Indian EV market, but car manufacturers too are introducing interesting products. While homegrown car manufacturers have been launching new electric cars in the country, foreign brands are also bringing their respective products into the segment.

By: HT Auto Desk
| Updated on: 23 Dec 2023, 20:42 PM

From mass-market to luxury, the year 2023 witnessed launch of several electric cars across price-segments, with SUVs dominating the chart.

In 2023, several carmakers, in both mass-market and luxury segments have launched some spectacular electric cars across different pricing slabs. Interestingly, like the fossil-fuel-propelled passenger vehicle market, the Indian electric car market is witnessing the rise of SUVs. In 2023, the majority of the electric cars launched in the country were SUVs.

Also Read : Year Ender 2023: The coolest concept cars unveiled this year

Here is a comprehensive list of the electric cars that were launched in India in 2023.

MG Comet EV

MG Comet EV is the most affordable electric car in India. This small boxy hatchback looks tiny compared to other models in the fray, but a perfect machine for in and around-city commuting. MG Comet EV was launched in 2023 at an introductory starting price of 7.98 lakh (ex-showroom). The electric hatchback threw a tough challenge to the Tata Tiago EV, the erstwhile most affordable electric car in India with its pricing. Design-wise, the EV is eye-catching on the exterior, while inside the cabin it looks simple yet very much urban at the same time. The Comet EV promises a 230 km range on a single charge.

Tata Nexon EV facelift

One of the most noteworthy car launches in India in 2023 was the arrival of the Nexon EV facelift. Tata Nexon EV is the country’s bestselling electric car and the homegrown automaker simply ramped up the appeal of the electric compact SUV with the launch of the Nexon facelift, which incorporates a wide range of design and feature updates. The Nexon EV facelift comes available at a starting price of 14.74 lakh (ex-showroom), and it promises a 465-kilometre range on a single charge, while it can accelerate to 0-100 kmph in 8.9 seconds. It comes with V2V and V2L technologies.

BMW iX1 electric SUV
Powering the electric SUV is a 66.4 kWh battery pack paired with dual electric motors.

BMW iX1

BMW launched the electric avatar of the X1 SUV, christened as iX1 in India in 2023. The luxury EV was launched in the country at a price tag of 66.90 lakh (ex-showroom). BMW iX1 is the German brand’s fourth fully electric vehicle and is sold in India via the CBU route. Powering the electric SUV is a 66.4 kWh battery pack paired with dual electric motors. The electric propulsion system churns out 309 bhp peak power and 494 Nm of maximum torque. The EV promises up to 440-kilometre range on a single charge. It can reach 0-100 kmph in 5.6 seconds and can achieve a top speed of 180 kmph.

BMW i7

BMW i7 is an all-electric sedan that was launched in India in 2023 at a price tag of 2.50 crore (ex-showroom). The BMW i7 M70 xDrive is the brand’s first M-division electric car that was launched in India in 2023. Powering this luxury electric sedan is a 101.7 kWh battery pack that is paired with dual electric motors and generates up to a 560-kilometre range on a single charge. The electric propulsion system churns out 657 bhp peak power and 1,100 Nm maximum torque. This electric sedan can sprint to 100 kmph from a standstill position in just 3.7 seconds at a top speed of 250 kmph.

Mahindra XUV400

Mahindra XUV400 is the homegrown automaker’s first-ever electric SUV launched in India in 2023. The Mahindra XUV400 comes positioned in compact SUV segment and it competes with rivals like the Tata Nexon EV. Launched at 15.99 lakh (ex-showroom), the Mahindra XUV400 is available in two different battery options and promises up to 456-kilometre range on a single charge. Available in EC and EL, the Mahindra electric SUV’s price goes up to 18.99 lakh (ex-showroom).

Citroen eC3

Despite being a new entrant in the Indian passenger vehicle market, French auto giant Citroen was quick to launch an electric car in the form of eC3. The electric SUV comes priced from 11.50 lakh (ex-showroom) and it promises a range of 320 kilometres on a single charge, which is also the highest in its segment. Available in four different variants, the Citroen eC3 EV is powered by a 29.2 kWh battery pack that promises 320 kilometres range on a single charge. The electric SUV promises a top speed of 107 kmph.

Volvo C40 Recharge

Volvo C40 Recharge is the second electric car in India from the Swedish luxury car manufacturer after the XC40 Recharge. The electric car was launched at 61.25 lakh (ex-showroom). The EV competes with rivals such as Kia EV6 and Hyundai Ioniq 5. The EV gets power from a 78 kWh battery pack paired with dual electric motors. The EV churns out 402 bhp peak power and 660 Nm of maximum torque. The EV is capable of running at a top speed of 180 kmph and can sprint to 100 kmph from a standstill position in 4.7 seconds.

Hyundai Ioniq 5

Hyundai Ioniq 5 is the second electric car from the South Korean auto giant in the Indian market. The Hyundai Ioniq 5 EV has been launched in the country at 44.95 lakh (ex-showroom). The EV comes competing against the Kia EV6 but is more affordable than the rebadged sibling. Powering the Hyundai Ioniq 5 is a 72.6 kWh battery pack, that promises a 631 kilometre range on a single charge. It gets a rear-wheel drivetrain churning out 214 bhp peak power and 350 Nm of maximum torque. The EV claims come with a fast charging technology that charges the battery from 10 to 80 per cent in just 18 minutes.

Audi Q8 e-tron and Sportback e-tron

Audi launched the Q8 e-tron and Sportback e-tron in India in middle of 2023. The SUV and the Sportback were launched together, priced at 1.14 crore and 1.18 core (ex-showroom). The Q8 e-tron essentially came as a facelifted iteration of the erstwhile e-tron. Both the SUV and the Sportback were launched in two trims – 50 and 55, with range of up to 600 kilometres on a single charge. Powering the 50 variant is a 71 kWh battery pack, while the 55 onbe gets a larger 114 kWh battery pack. The SUV has a maximum claimed range of 491 kilometres and 582 kilometres for the 50 and 55 variants, respectively, while the Sportback has a maximum range of 505 kilometres and 600 kilometres for the 50 and 55 variants, respectively.

Mercedes-Benz EQB

Mercedes-Benz India launched the EQB 350 4Matic electric SUV in India in 2023, at a starting price of 77.50 lakh (ex-showroom). The luxury electric SUV was launched in the country replacing the previous EQB 300 4Matic that was launched in December 2022. The EQB is powered by a 66.5 kWh battery pack. The electric propulsion system onboard the SUV promises 288 bhp peak power and 520 Nm of maximum torque. These specifications are significant enhancements from the EQB 300 4Matic.

Mercedes-Benz EQE

Mercedes-Benz EQE electric SUV was launched in India in 2023 after the EQS and EQB, joining the lineup as the brand’s third EV in the country. The Mercedes-Benz EQE electric SUV was launched here at 1.39 crore (ex-showroom). It competes with rivals like Audi Q8 e-tron and BMW iX1 electric SUVs. Mercedes-Benz EQE 500 4Matic SUV comes promising 550 kilometres range on a single charge. The SUV gets power from a 90.56 kWh battery pack that is paired with dual motors. The SUV can accelerate from 0-100 kmph in 4.9 seconds at a top speed of 210 kmph.

First Published Date: 23 Dec 2023, 20:42 PM IST


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Volvo plans half of its India sales to come from non-fossil fuel vehicles

Volvo plans half of its India sales to come from non-fossil fuel vehicles

Volvo Cars plans to increase the share of clean fuel vehicles in India. The Swedish auto giant has said that it aims to sell at least one non-fossil fuel car out of every two vehicles it will sell by the end of this decade. Volvo currently offers two electric SUVs – the XC40 Recharge and C40 Recharge – as part of its India fleet. It also sells three other models, all of which come with hybrid powertrain. Volvo’s India plan reflects the carmaker’s global ambition to go all-electric by 2030.

By: HT Auto Desk
| Updated on: 24 Nov 2023, 08:58 AM

Volvo wants non-fossil fuel vehicles to contribute half of its overall sales in India by 2030 as part of its global plan to go all-electric.

Volvo India has been pushing to cut down on ICE offerings for some time. During the Covid years, the carmaker updated its entire lineup by offering hybrid powertrain across all models sold in the country. Volvo recently discontinued one of its ICE model XC40. Besides the XC40 Recharge and C40 Recharge, Volvo also sells XC60 and XC90 SUVs as well as S90 sedan.

Kamal Bali, President and Managing Director at Volvo Group in India, said that the carmaker plans to achieve carbon-neutral by 2040. “At Volvo, we have set target that by 2030, 50 per cent of our vehicles will be non-fossil fuel-based. They will be non-polluting. Balance 50 per cent will become non-zero emission by 2040,” Bali said during an event on Thursday.

Between January and September this year, the Swedish auto giant has registered 40 per cent growth in sales by delivering 1,751 units. Bulk of the carmaker’s sales in India came from Volvo XC60 SUV which contributed to 35 per cent of the total volume. It is powered by a 2.0-litre, four-cylinder, petrol engine which is mated to a 48V mild-hybrid system as standard.

Though ICE models still contribute largely to Volvo’s sales in India, the two EV offerings have also started to make their impact. Jyoti Malhotra, Managing Director at Volvo Car India, had said, “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 and C40 Recharge.”

Also watch: Volvo C40 Recharge electric SUV first drive review

Volvo launched the C40 Recharge electric SUV in September at a price of 61.25 lakh (introductory, ex-showroom). It comes with twin electric motors paired to a 78 kWh lithium-ion battery pack and an AWD drivetrain. The dual electric motors are capable of generating 402 bhp of peak power and 660 Nm of maximum torque. The EV is capable of accelerating 0-100 kmph in 4.7 seconds at a top speed of 180 kmph.

First Published Date: 24 Nov 2023, 08:58 AM IST


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