Volvo Car India experienced growth of 38% in the first Quarter of 2023.25% of all sales came from the XC40 Recharge's sales.
With the XC40 Recharge accounting for 25% of the overall volumes, the first quarter was successful. Consumers' good perceptions of our luxury mobility solutions and their unshakable faith in the Volvo name are confirmed by a 38% growth. We are confident that the upcoming quarters will produce larger returns because the first quarter's performance is a reliable predictor of future results. According to Mr. Jyoti Malhotra, managing director of Volvo Car India, "we remain committed to introducing a new electric model every year and we are on a good trajectory to achieve our aim of going all-electric by 2030."