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Published On: Fri, Apr 5th, 2019

Volvo Cars India recorded another successful FY 2018-19 with 25% sales growth

Mumbai, April, 2019.

Volvo Car India registered another successful FY 2018-19 with a growth of 25% in retail deliveries as compared to the previous FY. The company retailed 2687 cars in FY18-19 vs 2157 in FY17-18. This growth was largely driven by new product launches including ‘ICOTY Premium Car Award’ winner XC40. Growth was further fuelled by opening 5 new showrooms across the country including Calicut, Raipur, Kolkata, Indore and South Mumbai.

Charles Frump, Managing Director – Volvo Car India shared, “We had a strong performance in the last Financial year because of greater customer demand for our award winning products and new dealer openings. We continue to be optimistic about the future, but are somewhat  cautious about the year ahead owing to external factors and predictions of an impending downtrend.”