Volvo

VE Commercial Vehicles posts 35.2% rise in sales at 11,906 units in March

VE Commercial Vehicles Ltd on Monday reported a 35.2 per cent increase in sales at 11,906 units in March 2023, as compared to 8,803 units in the same month last year. The company, a joint venture of the Volvo Group and Eicher Motors, said Eicher branded trucks and recorded sales of 11,677 units last month, as compared to 8,581 units in March 2022, up 36.1 per cent, the company said in a statement. Domestic sales of Eicher branded trucks and buses were at 11,263 units, as against 7,929 units in March 2022, a growth of 42 per cent, while exports were at 414 units last month, down from 652 units in March 2022. Volvo Trucks and buses posted sales of 229 units, as against 222 units in March 2022, a growth of 3.2 per cent, it said.

Volvo may set up its new EV manufacturing facility in India: Report

Volvo, in 2022, had announced its plans to expand its certified used-car business across India by early 2024

VECV's total sales rise 20% to 4,903 units in November; exports down 69.7%

Eicher Motors on Thursday said its joint venture with Volvo Group -- VE Commercial Vehicles -- posted 20 per cent rise in total sales at 4,903 units in November. VE Commercial Vehicles (VECV) sold 4,085 units in the same month last year, the company said in a regulatory filing. Domestic sales of Eicher brand of trucks and buses were at 4,483 units as against 3,184 units in the year-ago period, a growth of 40.8 per cent. Exports were down 69.7 per cent at 237 units from 783 units last year, it added. Total sales of Volvo trucks and buses grew 55.1 per cent to 183 units as compared to 118 units in the preceding year, it said.

Volvo-Eicher looks to make most of post-pandemic recovery in bus market

Aims to disrupt intercity segment with fully-built luxury coaches

Volvo plans to expand certified used-car business pan-India by early 2024

Swedish car maker Volvo plans to expand its certified used-car business pan-India by early 2024 and expects as much as one-third of its volumes to come from this segment, a top company official has said. Volvo operates its pre-owned car business under the Selekt' platform globally and it recently launched the platform in India with two dealerships. According to a study published early this month, the pre-owned car market is expected to grow at a compounded annual growth rate of 19.5 per cent till financial year 2027 and reach up to 8-million units. A recent CRISIL-OLX Auto report suggested that within the used-car market, the premium segment has seen a sharp uptick in demand as well as in supply in the first half of this calendar year. We have just started a pilot for our pre-owned certified car platform Volvo Selekt with two dealers in India. We want to expand it in phases and we are looking to ensure that the platform is across our network by 2023 or early 2024, Jyoti Malhotra, .

VECV reports bus sales rising, sees chip crisis easing in 3 months

Company betting on alternate fuels for growth in commercial vehicles sales, says senior executive

Volvo XC40 Recharge EV to be launched in India on July 26; check details

The XC40 Recharge is likely to be priced between Rs 60 lakh and Rs 70 lakh and it is expected to compete against Kia EV6, and the Hyundai Ioniq 5

Volvo planning to turn its cars into iPhone on wheels, says CEO Rowan

All the stuff that you can do in your smartphone will be almost inherently native within the vehicle, Rowan said

Volvo to raise prices of select car models in India from January 1

As with the rest of the Indian auto industry, Volvo Car has also been impacted by rising input costs, the firm's MD said

Volvo Cars sees chip shortage extending into 2022, Q3 profit dips

The carmaker said supply chains were still constrained but while production remained lower than demand, it had "improved month by month" since September

Volvo cuts back size of planned IPO as Europe deal market tightens

The carmaker, owned by China's Zhejiang Geely Holding Group Co., is now selling shares to raise about 20 billion kronor, Volvo said Monday.

Volvo warns chip stortage, supply-chain snarl will curtail truck production

The supply situation that's characterized by "disruptions, unpredictability and a lack of freight capacity" is delaying deliveries to customers, Volvo Chief Executive Officer Martin Lundstedt said

Volvo plans $2.9 billion IPO to fund electric vehicle transformation plans

Volvo and its parent company, Chinese carmaker Geely, have applied to hold an initial public offering on the Nasdaq Stockholm

VE Commercial Vehicles posts nearly 2-fold jump in August sales

VE Commercial Vehicles Ltd, a joint venture between Volvo Group and Eicher Motors, on Wednesday reported a nearly two-fold jump in total sales at 4,793 units in August 2021. The company had sold a total of 2,477 units in the same month last year, VE Commercial Vehicles Ltd (VECV) said in a statement. Sales of Eicher branded trucks and buses were at 4,667 units last month as compared to 2,440 units in August 2020, a growth of 91.3 per cent, it added. In the domestic market, Eicher brand of CVs clocked sales of 3,864 units as against 2,190 units in the year-ago month, up 76.4 per cent. Exports of Eicher branded trucks and buses stood at 803 units last month as compared to 250 units in August 2020. Volvo trucks and Volvo buses recorded sales of 126 units in August 2021 as against 37 units in the corresponding month last year, the company said.

Volvo to provide cars for China-based Didi's self-driving test fleet

Volvo will provide XC90 SUVs equipped with backup steering and braking systems that DiDi Autonomous Driving will integrate with Didi Gemini, its new self-driving hardware platform

Volvo India announces 24 weeks paid parental leave for male workers

Volvo on Wednesday announced a gender neutral policy, 'Family Bond', that allows the male employees in India to avail up to 24 weeks (120 working days) of parental leave

Volvo says it will make only EVs by 2030; will be sold exclusively online

There is no long-term future for cars with an internal combustion engine, said Henrik Green, Volvo's chief technology officer

Based on a next generation platform, Volvo S60 retains safety-first focus

Sporty with a muscular sedan-like look and kitted with a petrol engine, the S60 scores big on comfort as far as interiors go

Volvo recalls 54,000 US vehicles for air bag defect linked to one death

Volvo Cars is recalling 54,000 US vehicles for an air bag defect after a report of one crash death, according to a filing with US regulators.

VECV registers a 11.9% increase in sales to 4,200 units in October

VE Commercial Vehicles, a Volvo Group and Eicher Motors joint venture reported an 11.9% rise in sales for October at 4,200 units