Volvo Car India has achieved a historic milestone by delivering over 1,000 electric vehicles (EVs) in the country. The company’s EV journey commenced in November 2022 with the delivery of its first XC40 Recharge, which was also the first locally assembled luxury electric SUV in India.
Volvo Car India currently offers three EV models in the Indian market: the XC40 Recharge, the born electric C40 Recharge, and the single-motor XC40 Recharge. All these models are delivered through the company’s ambitious Online Direct Sales model via the Volvo Car India website. Additionally, all Volvo EV customers receive an exclusive membership to the company’s ultimate luxury program called ‘Tre Kronor Experience’.
On the occasion of World Environment Day, Mr. Jyoti Malhotra, Managing Director of Volvo Car India, expressed, “We are happy to announce that Volvo Car India has delivered over 1,000 EV cars. This achievement is another milestone on our journey towards becoming an all-electric company by 2030.”
He added, “Our robust progress is a reflection of strong customer confidence in our cars as well as our commitment to growing the luxury EV market in India.”
Volvo Car India recorded strong growth in 2023, with an impressive 31 per cent increase in overall sales compared to 2022. The pure electric models, XC40 Recharge and C40 Recharge, together accounted for 28 per cent of the total sales.
Volvo Car India is committed to launching one electric vehicle every year, with the aim of transitioning its entire portfolio to electric vehicles ahead of 2030.
About Volvo Cars in India: The Swedish luxury car company Volvo established its presence in India in 2007 and has since been actively marketing the Swedish brand in the country.
Volvo Cars is at the forefront of a pioneering initiative by launching the world’s first EV battery passport for its flagship EX90 SUV, which is set to enter production soon. This groundbreaking passport will record the origins of raw materials, components, recycled content, and carbon footprint, offering an unprecedented level of transparency in the automotive industry.
Developed over a span of five years through a partnership between Volvo, owned by China’s Geely, and UK-based startup Circulor, which leverages blockchain technology to map supply chains, the battery passport represents a significant stride towards sustainability and traceability in the EV sector.
While the European Union will mandate battery passports for all electric vehicles sold within its borders starting from February 2027, requiring automakers to disclose the composition of batteries, the origin of key materials, their carbon footprint, and recycled content, Volvo has taken a proactive approach by introducing this innovative solution nearly three years ahead of the regulations. This move underscores the company’s commitment to its goal of transitioning to an all-electric vehicle lineup by 2030.
By pioneering the world’s first EV battery passport, Volvo Cars is setting a new standard for transparency and responsible manufacturing practices in the automotive industry, demonstrating its dedication to sustainable mobility solutions.