Volvo Cars

Swedish automaker Volvo Cars slashes its margin and revenue ambitions

Volvo Cars, which is majority-owned by China's Geely, lowered its target for operating profit margin

Volvo's Q2 EBIT beats estimates, but cuts full-year forecast citing tariffs

Volvo Cars produced 211,900 cars in the second quarter, more than they sold, as demand for electric cars in Europe has dropped.

Volvo says will minutely examine C40 Recharge EV to ascertain cause of fire

Luxury carmaker Volvo Car India on Tuesday said it will "minutely" examine the C40 Recharge electric SUV which caught fire in Chhattisgarh last week. While confirming the incident, the company said technical experts will try to ascertain the cause of the fire in the car while being driven. "At Volvo Cars we pride ourselves on the safety of our cars and have taken this incident very seriously. The said vehicle will be minutely examined by our technical experts to ascertain the cause," the automaker said in a statement. The company is in touch with and continues to support the customer, it added. The Swedish carmaker noted that the embedded safety features informed the driver to take the car aside and step out of the car. There were no injuries and all occupants were safe, it added. The price of C40 Recharge starts from Rs 62.95 lakh (ex-showroom).

Swedish carmaker Volvo registers 31% jump in sales at 2,423 units in CY2023

Swedish car maker Volvo Cars on Friday said its total car sales in India witnessed a 31 per cent yearly jump at 2,423 units in calendar year 2023, driven by the XC60 model. Volvo Car India had retailed 1,851 cars in the domestic market in 2022 calendar year, the company said in a statement. The locally assembled all-electric XC40 Recharge performed exceptionally well, with 510 units being sold during this period, it said, adding, the XC60, the top-selling model, witnessed a significant surge, resulting in 921 deliveries in 2023. The C40 Recharge has also shown good response and accounts for 180 units within a short period in 2023, with Kerala and Tamil Nadu markets seeing 100 deliveries each. "The year 2023 has been an impressive year in terms of growth. A 31 per cent growth over the previous year exhibits consumer confidence," said Jyoti Malhotra, Managing Director, Volvo Car India. The surge in XC40 Recharge sales and the encouraging response to C40 Recharge highlights the stron

Volvo Car India to hike prices up to 2% from Jan due to rising input costs

Volvo Car India on Thursday said it will increase prices up to 2 per cent from January 1, 2024. The decision to raise prices is on account of rising input costs and volatile foreign exchange rates, the automaker said in a statement. "The decision to adjust prices is in response to evolving market dynamics, forex exchange rate fluctuations, and rising input costs," Volvo Car India MD Jyoti Malhotra said. The price hike aims to maintain a crucial balance, ensuring the continued delivery of high standards and the best driving experiences and reaffirming Volvo's commitment to uncompromised quality and safety, Malhotra added. Volvo established its presence in India in 2007 and currently markets products through 24 dealerships in the country.

Volvo to end diesel car production by 2024, to become all-electric carmaker

Sales of diesel models have declined rapidly in Europe since Volkswagen's emission-cheating scandal.

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 Cars reports 48% jump in retail sales in Jan-Sep period

The Swedish automaker sold 1,270 units in the first three quarters of the year as compared with 856 cars in the same period of last year.

Volvo Cars EV road map includes better batteries, longer driving range

Volvo Cars is working with Swedish partner Northvolt on a new generation of batteries with higher energy and designed to be packaged as a structural element of the vehicle

Volvo Car partners with Northvolt to make batteries, start gigafactory

Volvo Car Group, owned by China's Geely Holding, announced plans for joint venture with Swedish battery maker Northvolt to develop sustainable batteries for its electric cars and set up a gigafactory

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 to provide cars for China-based Didi's self-driving test fleet

Volvo will provide XC90 SUVs equipped with backup steering and braking systems that DiDi Autonomous Driving will integrate with Didi Gemini, its new self-driving hardware platform

Volvo Cars to launch one electric car every year in India from October

Swedish luxury car maker Volvo Cars on Tuesday said it will launch one electric car every year in India, starting with the full electric SUV, XC40 Recharge, in October this year

Volvo Cars India elevates Jyoti Malhotra as its new MD from March 1

Malhotra, who currently serves as the Director Sales and Marketing, would be the first Indian to head the company in India

Based on a next generation platform, Volvo S60 retains safety-first focus

Sporty with a muscular sedan-like look and kitted with a petrol engine, the S60 scores big on comfort as far as interiors go

Volvo Cars posts record 33% increase in half-yearly sales in India

The robust sales performance of 1,242 units is spearheaded by the XC60 which contributed 25 per cent of the total volume

Volvo Cars to hike prices in India by up to 5% to offset import duty impact

Volvo Cars to increase prices in India by up to 5% to offset import duty increase

Volvo Cars aims to launch electric vehicles to double market share by 2020

Volvo Cars is on track to achieve the target after having registered record sales and a robust 28% growth in 2017

Volvo Cars posts record sales of 2,029 units in India last yr

Volvo Cars had sold 1,585 units in 2016

Volvo Cars appoints Charles Frump as head of India operations

Swedish luxury car maker Volvo Cars today said it has appointed Charles Frump as the new Managing Director of Indian operations. Frump replaces Tom von Bonsdorff who has moved to his home country Finland to pursue a new assignment within the Volvo Group after completing his tenure in India. Volvo Auto India Director-Sales & Marketing Jyoti Malhotra was the acting Managing Director in the interim. "It is a great opportunity to join Volvo Cars in India. As one of the highest potential luxury car markets in the world, India is extremely important for Volvo," Frump said in a statement. He added: "My role here is to continue and accelerate the robust growth for Volvo cars in India. I am well aware of the diversity and challenges India poses and I believe my experience in other emerging markets will help significantly in achieving our goals here." Frump has been associated with Volvo Car Group for over eight years. His previous stint with the group was in Sweden where he .