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

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By: HT Auto Desk
| Updated on: 05 Jan 2024, 16:47 PM

  • 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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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

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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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Volvo XC60, XC90 and S90 prices increased. Check how much they cost now

Volvo XC60, XC90 and S90 prices increased. Check how much they cost now

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Volvo Cars has increased the prices of the XC60, XC90 and S90 in India with immediate effect. Though there has been no formal announcement, the official website of the Swedish carmaker in India reflects the new price list, confirming the hike. All three models have received uniform price hike of ₹35,000. These models are all hybrid versions launched by Volvo in the last couple of years. Prices of all other cars in Volvo’s lineup in India remain unchanged.

By: HT Auto Desk
| Updated on: 29 Sep 2023, 16:25 PM

Volvo has increased the prices of Volvo XC60, XC90 and S90 mild-hybrid models for the second time in 2023.

Volvo had recently upgraded its entire fleet to mild hybrid models. Last year it launched the XC40 and XC90 mild hybrid variants. The price hike has been implemented on the Volvo XC60, XC90 and S90 mild hybrid models. The price of the XC60 SUV now stands at ₹67.85 lakh (ex-showroom). Volvo XC90 SVU will cost ₹98.85 lakh (ex-showroom) while the S90 sedan will come at a price of ₹68.25 lakh (ex-showroom).

This is the second time that these models have received a price hike this year. The price of these vehicles were increased earlier in February this year by up to two per cent due to the rise in customs duty as announced in the Union Budget 2023.

Volvo S90 and XC60 mild hybrid models were launched in India back in October 2021. A year later, Volvo updated its entire lineup, including the XC90 SUV, with mild-hybrid powertrain. Volvo uses a 2.0-litre petrol engine under the hood of these vehicles. The engine in all three models use a 48V battery pack for more efficiency. The Volvo S90 sedan offers up to 250 hp of power and has 350 Nm of peak torque. The XC60 SUV can churn out 250 hp of power and has 350 Nm of peak torque. The XC90 SUV can generate 300 hp of power and 420 Nm of peak torque.

Also Watch: Volvo C40 Recharge electric SUV review

Besides these three, Volvo also offers the XC40 SUV with mild-hybrid powertrain. Volvo also has two electric vehicles in its lineup – the XC40 Recharge and C40 Recharge. The Swedish carmaker launched the C40 Recharge electric SUV at a price of ₹61.25 lakh (ex-showroom) earlier this month. Drawing power from a 78 kWh lithium-ion battery pack, the SUV can generate 402 hp of peak power and 660 Nm of maximum torque. It promises to offer 530 kms of range in a single charge.

First Published Date: 29 Sep 2023, 16:25 PM IST


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