Volvo India hit 25 pct high in sales domain achieving 2,687 units

Volvo Car India Thursday reported a 25 per cent 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." 

(With inputs from agencies.)