Volvo Cars, the premium carmaker, announced today that it will start vehicle assembly operations in India in 2017. This positions the company for further growth in the fast-expanding premium car segment in India.
Volvo Cars, the premium car maker, has reported a third consecutive year of record sales in 2016, increasing 6.2 per cent compared to 2015 to 534,332 cars, underlining the breadth and depth of the company’s ongoing global transformation.
Volvo Cars continued its trajectory towards another record year in global sales in October, on the back of a strong performance in China. Year-to-date sales growth globally amounted to 8.4 per cent, resulting in total sales for the first ten months of the year of 424,772 cars (2015: 391,948).
Volvo Cars continued its global sales momentum in September and reported its sixteenth consecutive month of global growth on the back of increases in all main regions. Sales for the first nine months are up 9.6 per cent year-on-year to 379,329 cars, while September sales rose by 6 per cent to 48,259 cars.
Volvo Cars continued to gain momentum globally in July and posted a 9.3 per cent increase in retail sales for the month, selling 41,681 cars. Sales of the new Volvo XC90 were the main growth driver globally, while the XC60 continues to be the best-selling model overall. Global growth for the first seven months was 10.3 per cent.
Volvo Cars reported a solid double-digit sales increase for the first six months of the year, posting growth of 10.5 per cent to 256,563 cars compared to the same period in 2015. Sales of the new Volvo XC90 were the main growth driver globally.
Volvo Cars reports a May retail sales result of 39,919 cars with continued growth in Western Europe and the first new XC90 cars starting to reach customers. More than 36,000 pre-orders have been placed for the Volvo XC90 so far.
Robin Page, Head of Interior Design at Volvo Car Group, has been chosen from a list of highly distinguished automotive designers to receive the Interior Designer of the Year Award. The judging panel also awarded the new Volvo XC90 with the title "Interior Design of the Year – Production Vehicle".