Volvo Car India on April 4 reported a 25 percent increase in retail sales in 2018-19 at 2,687 units as against 2,157 units in the previous fiscal. This growth was largely driven by new product launches, including SUV XC40, the company said in a statement.
The growth was further fuelled by opening five new showrooms across India in Calicut, Raipur, Kolkata, Indore and South Mumbai, it added.
"We had a strong performance in the last financial year because of greater customer demand for our award-winning products and new dealer openings," Volvo Car India Managing Director Charles Frump said.
On the outlook, he said: "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."
First Published: Apr 4, 2019 2:36 PM IST
