Volvo Automobiles India Information 40 Per Cent Development in Jan-Oct 2018

Volvo Automobile India has recorded a 40 per cent quantity development within the January to October interval in 2018 promoting 2194 items in contrast the 2029 items it offered in the identical interval final yr. The Swedish carmaker is attributing the sturdy gross sales file to the Volvo XC60 and the brand new Volvo XC40. The XC40 SUV was launched in India this yr and is Volvo's most inexpensive product in India and goes up towards the Mercedes GLA, BMW X1 and Audi Q3.   In accordance with the corporate, the sturdy gross sales are additionally the end result of a latest product launches, community expansions and model engagement applications. Commenting on the sturdy gross sales, Charles Frump, Managing Director - Volvo Automobile India shared, "We're extraordinarily proud of our efficiency up to now in 2018. The XC40 has been acquired nicely and its success is necessary for the model to be accepted within the entry stage luxurious phase. The community expansions too have contributed to the expansion and we're on-track to duplicate the expansion share earlier yr in 2018."   By way of development outlook, Volvo is hoping that the expansion momentum continues even within the final two months of this yr on the arrival of the festive season. Through the years, the corporate has additionally elevated localization ranges on its vehicles. In Could, Volvo had opened a spare half warehouse in Bhiwandi, within the outskirts of Mumbai the place it would retailer the elements that it outsources from the native suppliers. At current, Volvo assembles three fashions in India- the S90 sedan, XC60 SUV and the XC90 SUV.