Volvo Car India has registered a 38% YoY growth in domestic sales in Q1CY23 to 544 units from 393 units sold in the same time last year.
A press release from the company noted that the growth was led by the XC60, which registered a 27% growth. Meanwhile, the locally assembled all-electric XC40 Recharge saw 138 units delivered during this period, contributing 25% of the total volume.
The company has recently delivered its 200th XC40 Recharge. Post the commencement of bookings in 2022, it received about 500 bookings for XC40 Recharge cars.
Jyoti Malhotra, Managing Director, Volvo Car India, noted that the first quarter performance is a good indicator, and we are confident that the coming quarters will show better results.”
“We remain committed to introducing a new electric model every year and we are on a good trajectory of achieving our aim of going all electric by 2030,” he added.
In line with its commitment to introduce a new EV model every year, the company has already announced that the C40 all-electric model will be introduced in India this year.
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