The Swedish car manufacturer, Volvo, registered a quarterly percentage growth in its 2019 fiscal year. According to the Volvo India, the brand managed to sell 2,687 units in the 2019 fiscal (April-March), however, most of the registrations were for the lower variants of the model. The company also said that major sales were driven by the rapidifoying the dealership network in India which made the brand more accessible for people in major cities to reach wider table of audience. The brand inaugurated five new showrooms across the country in Calicut, Raipur, Kolkata, Indore and South Mumbai.
Charles Frump, Managing Director, Volvo Car India said, “We had a strong performance in the last financial year because of greater customer demand for our products and new dealer openings. 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.”