[RahulNagaraj]

Volvo Cars have announced its global sales figures for the first six months of 2021. The Swedish carmaker is said to have registered its strongest first-half sales this year, with 3,80,757 units sold globally. The month of June alone registered an 11 per cent growth with 68,224 units of sales.



The increase in global sales is said to have been driven by rising demand in markets like China, the USA and Europe, each of which is said to have registered double-digit growth compared to the same period last year.



Volvo's Recharge line-up, with a fully-electric or plug-in hybrid powertrain, accounted for 24.6 per cent of the total cars sold globally during the first six months. Volvo states that the share of its Recharge models increased by nearly 150 per cent compared to last year.



Europe continued to be the largest market for Volvo cars, accounting for 1,66,822 units from its total sales figure. Sales of Volvo in the European market is said to have registered a 35.4 per cent growth compared to last year. The strong performance is said to have been mainly led by high demand in the UK.

Sales of Volvo cars in China also witnessed a 44.9 per cent growth, registering 95,252 units. Sales in the month of June stood at 16,680 units; up by 10.4 per cent compared to June 2020.



Volvo cars registered 63,754 units of sales in the first six months of 2021 in the USA, which translates to a 47.4 per cent growth compared to the previous year. The XC60, XC90, and XC40 continued to bring in the highest volume of sales in the region.

Link to Team-BHP news

[volkman10]

Volvo Car India Reports 52 Per Cent Sales Growth In H1 2021, XC60 Leads The Volumes.


The first six months of 2021 saw Volvo sell 713 units, as compared to 469 cars sold during the same period last year.

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[Dhillon]

Volvo truly does have a good looking model line-up in India. With their Hybrids coming in, I am sure they will register good growth in the Indian market. Also, I am starting to see a lot of Volvos in Tier 2 cities where people earlier preferred only BMW, Mercedes or Audi. If this trend continues for the next 2 years, then I am sure Volvo will be able to sell 1500 odd cars every month.

[Venkatesh]

Volvo reports record revenues and profitability in 2021. Brand nudges 700,000 global sales in spite of supply chain crisis, with XC60 accounting for over a third.

The company sold 698,693 cars in 2021, a 5.6% volume increase on the 661,713 it sold in 2020.

The most popular was the mid-sized XC60 SUV, of which the company sold 215,635 units, followed closely by the smaller XC40, with 201,037 sales, and the XC90 flagship in third place with 108,231 sold.

Volumes of its traditional saloon and estate cars continue to be significantly smaller, S60 and S90 accounting for slightly less than 100,000 units combined, and the V60 and V90 estates accounting for 76,600 units altogether.

Year-on-year, output was down 20% in the final quarter, but with 34% of the brand’s global sales made up of its electrified Recharge cars (28% plug-in hybrids and 6% pure-EVs)

The company recorded revenues of SEK 282bn (£22.35bn) in 2021, up from SEK 262.8 (20.84bn) in 2020 – with operating income soaring by SEK 11.8bn (£0.94bn) year-on-year.

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