Swedish luxury car company, Volvo Cars, announced a robust 28 per cent annual growth in volumes, ending the calendar year 2017 with highest ever 2029 retails. The sturdy sales performance comes on the back of a great year marked by new product launches, successful start of local assembly, network expansion and brand engagement programmes.
Charles Frump, Managing Director, Volvo Auto India shared, “The Year 2017 indeed has been a record year for us as we witnessed the introduction of some exciting products S60 Polestar, V90 Cross Country and the all new XC60. Successful roll-out of the first locally assembled car, the XC90 emphasises our commitment to India and it is a significant step in our achievement of targets. We are on track to double our segment share to 10% by the end of 2020. 2018 looks even more exciting with a full year sales of the New XC60 and on exciting compact luxury SUV scheduled to be launched mid -year.”
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