Volvo Car India Reports 27% Jump in Retail Sales in 2021

New Delhi, January 6: Luxury automaker Volvo Car India on Thursday mentioned its retail gross sales elevated by 27 per cent to 1,724 items final 12 months as in contrast with 2020. The Swedish carmaker had bought 1,361 vehicles in 2020. The gross sales progress final 12 months was led by the corporate's SUV portfolio with the corporate's mid-sized SUV the XC60 rising because the bestselling mannequin adopted by the compact SUV XC40, Volvo Car India mentioned in a press release. Also Read | IC15, India’s First Cryptocurrency Index, Launched by CryptoWire; Here’s Everything You Need to Know. "We have registered good numbers in spite of the headwinds the industry faced in 2021 and are hopeful of addressing the supply challenges that resulted because of disruption of global supply chains last year," Volvo Car India Managing Director Jyoti Malhotra mentioned. Also Read | Omicron Spread: Economists See New COVID-19 Variant Forcing RBI To Delay Policy Normalisation. The firm is assured that this 12 months its all petrol product portfolio will additional increase its progress trajectory," he added. "2023 is also going to be a historic year for the company as we will be launching our first electric car the XC40 Recharge. We intend keeping our commitment to our customers of offering a new electric car model every year from now on," Malhotra acknowledged. In 2021, the corporate transitioned to an all-petrol portfolio by introducing the petrol mild-hybrid variations of the S90, XC60 and XC90 petrol Mild-Hybrid Cars. Luxury sedan S60 and compact luxurious SUV XC40 had been already launched in petrol variations earlier. (This is an unedited and auto-generated story from Syndicated News feed, SociallyKeeda Staff might not have modified or edited the content material physique)