Luxury carmaker Volvo Car India recorded a 48% growth in its retail sales for the period January to September 2021. The company sold 1,270 units in the first three quarters against 856 cars in the same period last year, the company said in a press release. The growth has come on the back of its best-selling models XC40 and XC60.
Jyoti Malhotra, Managing Director, Volvo Car India, said, “Witnessing a 48% growth in three quarters is very encouraging. Experiencing this when one quarter faced the brunt of the raging pandemic is a reflection of Volvo Brand’s standing in the Indian luxury mobility market. This strengthens our confidence and resolute commitment as we work towards bringing in newer models.'
“We are keeping a close eye on the semiconductor issue and looking forward to a robust 2022,” he added.
Luxury SUVs, XC40, XC60, XC90 and sedans S60, S90 are among the models sold by Volvo Car India during this period.
The company intends to launch its petrol mild-hybrid vehicles this year, followed by the XC40 Recharge electric SUV in 2022.