HomeAutoVolvo Car India reports 25 percent growth in retail sales business in 2018-19

Volvo Car India reports 25 percent growth in retail sales business in 2018-19

Reader's Pick

Volvo Cars India, a business arm of Swedish luxury automaker Volvo has reported a 25 percent growth in the retail sales business.

In the statement, Volvo cars India has said that “The company has reported a 25 percent of growth in retail business sales for the year 2018-2019, where the company has sold 2,687 units as compare to the 2,157 units which it sold in the previous fiscal year.”

“The growth in the sales largely come from new product launches by the company including the recently launched SUV XC40,” the company said.

The company also stated that “The additional growth has come from the newly opened showrooms across India including the cities like Calicut, Raipur, Kolkata, Indore, and South Mumbai.”

- Advertisement -

Talking more on developments, Charles Frump, Managing Directors, Volvo Car India said: “We had a strong performance in the last financial year because of the greater customer demand for our award-winning products and new dealer openings.”

He added, “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.”

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Budget 2023 Wishlist: Expectations from Bikanervala, CEF Group & Indian Auto LPG Coalition

The upcoming budget for 2023-24 has sparked interest and anticipation among dif...

Telecom sector has high expectations from the 2023 budget: Gaurav Gandhi, CEO of Echelon Edge

Speaking on the Union Budget 2023 expectations, Gaurav Gandhi, Founder & CE...

Union Budget 2023: What Are the Pre-Budget Expectations for the FinTech and Digital Lending Sector?

As the poster child of India’s digital growth story, the FinTech sector is pois...