The year started off really well for Swedish maker as the company has been getting good response from customers for XC60 and it is the major sales contributor
Volvo has posted its best ever half yearly sales in India as the company sold 1,242 units with a growth of 33 percent. Last year, Volvo sold 933 units during the same period. The year started off really well for the Swedish maker as the company was getting good response from customers for XC60, which made its India debut in December, 2017.
The XC60 is the major contributor for Volvo as 25 percent of total sales have come from it. Volvo will soon begin local assembly of XC60 in India and we can expect small drop in price also. Earlier this week, Volvo launched XC40 in India at Rs. 39.99 lakh (Ex-Showroom) and it will play a crucial role in its subsequent growth.
Volvo currently assembles XC90 and S90 at its Bangalore plant, both models are popular among customers also. Ever since the launch of new generation XC90, Volvo has been posting good sales growth and the company is quick to launch new models soon after global debut, which is driving more customers.
The company is currently working on expanding dealership network to further increase growth. During XC40 launch, Volvo announced that they will start assembly of plug-in hybrid models in India from 2019 and XC90 will be the first plug-in hybrid model to be assembled in India.
The Swedish automaker has stopped development of diesel engines. Like Lexus and Toyota, future models of Volvo will be petrol, hybrid or electric only. The recently revealed S60 sedan is the first model to ditch diesel completely from its lineup. From 2019 onwards, all engines from Volvo will have electrification to boost economy and reduce pollution.
Volvo XC60 is powered by 2.0 L turbocharged diesel engine producing 235 hp of power and 480 Nm of torque. This engine is mated to 8 speed automatic transmission and power is sent to all four wheels. In India, XC60 is available only in fully loaded Inscription variant priced at Rs. 55.90 lakh (Ex-Showroom) and compete against BMW X3, Audi Q5 and Mercedes Benz GLC.