Thursday, Apr 25 2024 | Time 20:36 Hrs(IST)
image
Business EconomyPosted at: Aug 4 2020 5:14PM


Volvo Cars reports 14.2 per cent global sales growth in July

Kolkata, Aug 4 (UNI) Volvo Cars posted strong sales in July, with volumes up 14.2 per
cent compared with the same period last year.
The company sold 62,291 cars during the month, as Europe, US and China all reported
a growth in sales compared with the same period last year.
Sales in Europe returned to growth in July, continuing its positive trend as markets lifted
restrictions put in place to curb the Covid -19 pandemic.
The double digit volume growth during the month was driven by a continued strong
demand for Volvo Car’s award-winning SUV range.
The V60 estate and the US-built S60 sedan, also contributed to the strong
performance.
Volvo Cars’ Recharge line-up of chargeable models, with a fully electric or plug-in
hybrid powertrain, continued to be popular among customers.
The share of Recharge models more than doubled in the first seven months,
compared with the same period last year.
According to recent IHS data, Volvo Cars was the leading electrified premium
brand in Europe during the first half of 2020, with Recharge cars making up almost
a quarter of total deliveries in the region.
In the first seven months, Volvo Cars sold 332, 253 cars, down 16 per cent
compared with the same period last year.
Volvo Cars’ sales in Europe reached 28,700 cars in July, up 12.5 per cent versus
the same month last year. In the first seven months of the year, sales declined by
24.1 per cent year-on-year.
US sales in July continued to grow year-on-year during the month and reached
9,697 cars, up 10.3 per cent compared with the same month last year.
In the first seven months, US sales declined by 10.1 per cent to 52,952 cars,
compared with the same period last year.
In China, sales reached 14,410 cars, up 14.0 per cent compared with July last
year. In the first seven months of the year, sales declined by 0.3 per cent,
compared with the same period last year.
In July, the XC40 compact SUV was the top selling model for the company,
followed by the XC60 mid-size SUV and the XC90 large SUV.
During the month, SUVs accounted for 72.8 per cent of the company’s total
sales, up from 63.4 per cent in same month last year.
UNI SJC BM
Please log in to get detailed story.
Tags: #Volvo Cars reports 14.2 per cent global sales growth in July
More News

Tech Mahindra net at Rs 661 crore in Q4; Company gives dividend of Rs 28 per share

25 Apr 2024 | 7:28 PM

New Delhi, April 25 (UNI) Mahindra Group company Tech Mahindra, a technology consulting and digital solutions provider, on Thursday reported about 41 per cent decline in net profit at Rs 661 crore year-on-year basis for the fourth quarter ended March 31, 2024.

see more..

Kottayam-Kochi Rubber Market Rates

25 Apr 2024 | 7:26 PM

Kottayam, April 25 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Indusind Bank net up 15 pc in Q4

Indusind Bank net up 15 pc in Q4

25 Apr 2024 | 7:10 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported a 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023–24, compared to Rs 2,043 crore in the same quarter in 2022–23.

see more..

25 Apr 2024 | 6:53 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023-24 compared to Rs 2,043 crore in the same quarter in 2022-23.

see more..

Regulations to become more stringent, demanding in coming years : CUB MD

25 Apr 2024 | 6:40 PM

Chennai, Apr 25 (UNI) “Regulations are going to be here, and they are going to
get more stringent as there is a learning depending upon the changes in the
environment and the role of the CFO's,” City Union Bank (CUB) MD and CEO
Dr N Kamakodi observed on Thursday.

see more..
image