Volvo Cars reports 40.8% growth

Chennai: Volvo Cars has said its global sales increased by 40.8 per cent compared with the same period last year.

Total sales during the period amounted to 185,698 cars, up from 131,889 cars in the same period last year, the company said.

In Europe and the US, the company managed to improve sales compared to the first quarter last year, while managing to cope with the ongoing effects of the pandemic.

For the month of March, Volvo Cars sold 75,315 cars globally, up 62.3 per cent compared with the same month last year.

Volvo Cars said its recharge line-up of chargeable models, with a fully electric or plug-in hybrid powertrain, remained strong and accounted for 26.0 per cent of all Volvo cars sold globally in March.

 

NT Bureau