auto news desk, Volvo Cars India sold 544 units between January and March this year, a growth of 38 per cent over the same period last year. The company had sold 393 units between January and March last year. The biggest contributor to the growth in sales was the XC60, which grew by 27 per cent, the company said in a statement. The locally produced fully electric XC40 sold 138 units during the period, accounting for 25 per cent of total sales.
450 cars sold every hour
Every hour 450 cars are being sold in the country’s car showrooms, while car companies are selling more than 11000 cars daily. Retail sales of passenger vehicles (PVs) in the country rose 14 per cent year-on-year to 3,35,266 units in March, led by improvement in supply of electronic components. The Federation of Vehicle Dealer Association (FADA) gave this information on Tuesday.
Sales of two wheelers also increased
Retail sales of two-wheelers also grew by 12 per cent to 14,45,867 units last month, FADA said in a statement. A year ago, 12,86,109 two-wheelers were sold in the same month. Similarly, sales of commercial vehicles also increased to 92,790 units last month. This figure is 10 percent more than 84,124 units in March last year. Retail sales of three-wheelers grew by 69 per cent year-on-year to 86,857 units during the period under review. At the same time, there was an increase of four percent in the sale of tractors last month. It increased from 78,070 units to 81,607 units.