Volvo sales jump by 30 percent in 2018

    Brand’s latest SUVs, the XC40 and XC60, lead sales growth for the Swedish carmaker.

    Published On Jan 03, 2019 10:53:00 AM

    10,366 Views

    Volvo sales jump by 30 percent in 2018

    Volvo India today announced that it has sold a record 2,638 units in calendar year 2018, registering a growth of 30 percent year-on-year over the 2,029 units sold in 2017. The Swedish carmaker’s sales were led by the XC60 and the new XC40 SUVs.

    Interestingly, Volvo India surpassed the number of vehicles sold in 2017 in the first 10 months of 2018, notching volumes to the tune of 2,194 units (up 40 percent) during the same period.

    While 2018's significant increase in growth has come on a small base, Volvo continues to remain a niche player in India's luxury car market that is led by its German rival, Mercedes-Benz. However, it is also a luxury brand to watch out for due to its immense focus on safety and the ability to price its vehicles competitively, despite some being full imports, among other factors.

    Moreover, the carmaker has bucked the trend as its German rival is expected to close the year with flat growth in sales. Factors such as rising interest rates, depreciation of the rupee and rising import costs have weighed on volumes.

    The Swedish carmaker is expected to launch the all-new S60, which will take on the new BMW 3 Series, Audi A4 and Mercedes-Benz C-class, by end-2019.  It recently announced plans to locally assemble the plug-in hybrid variants of its flagship SUV, the XC90, at its plant in Bengaluru by end of 2019.

    Additionally, the company also said that plans were afoot to introduce four new plug-in hybrids over the next three years, along with a new all-electric model soon after its international launch.

    Also see:

    2019 Volvo S60 review, test drive

    New Volvo S60 receives five-star Euro NCAP rating

    Volvo Cars

    Copyright (c) Autocar India. All rights reserved.

    Comments

    ×
    img

    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now

    Search By Car Price

    Poll of the month

    The Creta will be the third Hyundai N-Line model in India. Should more mass-market brands have sporty sub-brands?

    Yes, it's something special for enthusiasts

     

    18.30%

    Yes, but only if there is increased performance

     

    44.35%

    No, it's just a gimmick to increase the price

     

    29.42%

    It doesn't always work; just look at Tata JTP

     

    7.94%

    Total Votes : 1574
    Sign up for our newsletter

    Get all the latest updates from the automobile universe