Page 2 - Volvo Car

Volvo Car India starts deliveries of luxury electric car C40 Recharge

Volvo Car India has commenced deliveries of its recently-launched electric car C40 Recharge with Kerala and Tamil Nadu to begin with, the company said on Wednesday. The Indian arm of the Swedish luxury car maker Volvo rolled out its first ground-up electric car in the domestic market on September 5 at an introductory price of Rs 61.25 lakh (sans taxes). The premium car company launched its first locally-assembled pure electric SUV XC40 Recharge in July last year. "Deliveries of the first born electric C40 Recharge are important milestone in our journey towards becoming an all-electric company by 2030. The C40 Recharge is the second car which is being delivered under our ambitious Online Direct Sales model, said Jyoti Malhotra, Managing Director at Volvo Car India. The C40 Recharge is only sold online directly by the company. Customers can place orders online with a refundable deposit of Rs 1 lakh on Volvo Car India website. This is the second EV model from Volvo in India getting .

Volvo Car India expects 'good' festival season for domestic auto industry

With improved supply chain situation and positive economic sentiment, Swedish car maker Volvo expects the upcoming festival season to be "good" for India's automobile industry. A top executive of Volvo Car India has said that price parity is being slowly seen between electric cars and ICE (Internal Combustion Engine) cars. Volvo Car India on Monday launched its first ground up electric car C40 Recharge here at an introductory price of Rs 61.25 lakh (excluding taxes). "We have been through a pandemic (in the) last two years. Then we had supply (chain) challenges. This year, it looks normal... If you look at the overall economy, there is generally a very positive sentiment. I think it (festive season) should be really good," Volvo Car India Managing Director Jyoti Malhotra said. The luxury car segment sales are expected to return to the 2018 peak this year, after going through a rough road during the pandemic years, he said, adding that the supply chain situation has improved though

Swedish luxury carmaker Volvo revs up with EVs, eyes record sales in 2023

Earlier, its peak sales was in 2018, when it sold 2,600 cars

Volvo Car's sales in India increased by 33% in January-June period

Volvo Car India on Wednesday said its sales grew 33 per cent year-on-year to 1,089 units in the January-June period. The company had delivered 818 units in the corresponding period of last year. The growth was primarily driven by the XC60, which experienced a substantial 35 per cent increase resulting in 376 deliveries, the automaker said in a statement. Additionally, the locally assembled all-electric XC40 Recharge performed exceptionally well, with sales of 289 units in the first half of the year, accounting for 27 per cent of the total volume, it added. "The performance in the first half serves as a promising indicator, instilling confidence that the upcoming months will yield even better outcomes," Volvo Car India Managing Director Jyoti Malhotra noted. With the upcoming launch of electric model C40 Recharge in August, the aim is to surpass its best ever year, he added. The introduction of the C40 Recharge aligns with Volvo's commitment to achieve a fully electrified vehicle

After Mercedes, Volvo to adopt direct-to-customer model for sales in India

Industry experts say that such a model may not be practical for mass-market cars given their large sales volumes

Volvo Car AB says software issues will delay output of flagship EV

Output of the EX90 is now expected to begin in the first half of 2024, Volvo said Thursday

Volvo Car India reports 38% growth in sales in January-March quarter

Volvo Car India on Monday said it has sold 544 units in the first quarter of this year, a 38 per cent growth, over the same period last year. The automaker had sold 393 units in the January-March period of last year. The sales growth during the period was led by the XC60 which registered a 27 per cent growth, the automaker said in a statement. The locally assembled all-electric XC40 Recharge saw 138 units being delivered during this period thereby contributing 25 per cent of the total volume, it added. "A 38 per cent growth confirms positive customer sentiments in our luxury mobility offerings," Volvo Car India Managing Director Jyoti Malhotra said. The first quarter performance is a good indicator and the company is confident that the coming quarters will show better results, he added. "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," Malhotra said. The Swedish firm establishe

Govts must speed up investments in EV charging infra: Volvo Cars

Some customers will hold back from buying EVs due to lack of such infra

Volvo Car India to hike prices up to 1.8% to offset rising input costs

Luxury car maker Volvo Car India on Thursday said it will increase prices of its three models -- XC90, XC60 and XC40 Recharge -- by up to 1.8 per cent with effect from November 25 in order to offset the impact of rising input costs. The prices of the S90 Petrol Mild-Hybrid, and XC40 Petrol Mild-Hybrid however remain unchanged. The ex-showroom price of XC40 Recharge will rise to Rs 56.9 lakh from Rs 55.9 lakh currently. Similarly, prices of XC 60 will rise to Rs 66.5 lakh and that of XC90 to Rs 96.5 lakh from Rs 94.9 lakh earlier. Continued disruption of global supply chains leading to higher logistic costs has led to an increase in input costs, the Swedish carmaker said in a statement. The company, however, is committed to price protection of customers who have booked their cars till today, it added. All bookings from Friday will attract new prices, the automaker stated. "The rising global inflation has forced us to share some of the rising input cost with our consumers," Volvo

Volvo-Eicher looks to make most of post-pandemic recovery in bus market

Aims to disrupt intercity segment with fully-built luxury coaches

Volvo India sees electric cars contributing to 80% of total sales by 2025

Volvo's EV plans are in line with its global strategy of transitioning into a pure electric car company by 2030

VECV reports bus sales rising, sees chip crisis easing in 3 months

Company betting on alternate fuels for growth in commercial vehicles sales, says senior executive

Volvo drives in locally assembled XC40 Recharge SUV at Rs 55.9 lakh

"The launch of the XC40 Recharge and its assembly at our Bangalore plant further reinforces Volvo Car's long-term vision and commitment to India and the Indian consumer," Volvo MD Jyoti Malhotra said

Volvo XC40 Recharge EV to be launched in India on July 26; check details

The XC40 Recharge is likely to be priced between Rs 60 lakh and Rs 70 lakh and it is expected to compete against Kia EV6, and the Hyundai Ioniq 5

Volvo Car India sets up solar power panels at Haryana, UP health centres

Volvo Car India on Tuesday said it has set up solar power panels at community and primary health centres in Haryana and Uttar Pradesh

Volvo Car eyes $2.6 billion through Stockholm IPO, says report

The deal values Volvo Cars at as much as $23 billion

Volvo Car contributes Rs 75 lakh to PM CARES Fund towards Covid relief

Volvo Car India on Thursday announced a contribution of Rs 75 lakh to the PM CARES Fund towards COVID-19 relief measures.

Volvo Car India offers term insurance coverage to employees at dealerships

Volvo Car India on Friday said it has covered all employees of its dealerships under a term insurance policy of up to Rs 10 lakh in the wake of the second wave of the coronavirus pandemic. Stating that one of the major concerns during this pandemic has been the fate of a family that loses its breadwinner, the company said it is addressing this concern and will bear the premium cost and has undertaken the term insurance of all personnel employed at its 25 dealerships across India. "Under this initiative, in the unlikely and unfortunate event of a dealer employee's demise due to COVID-19, the employee's family will receive a compensation up to Rs 10 lakh," Volvo Car India said in a statement. Commenting on the initiative, Volvo Car India Managing Director Jyoti Malhotra said as dealer employees are usually the first interface that Volvo customers have with the company, they play a crucial role in customer satisfaction. "For us they are an integral part of our team and therefore the .

Volvo Car hikes prices by up to Rs 2 lakh to offset rising input costs

Volvo Car India on Monday said it has increased prices of most of its products by up to Rs 2 lakh with immediate effect in order to partially offset the impact of rising input costs.

Volvo Car India to bear Covid-19 vaccination cost of its employees

Volvo Car India on Monday said it will bear the cost of vaccinating its employees against Covid-19