Volvo Auto India launched the new XC90 in the country in May this year in two trims - Momentum & Inscription. Now, Volvo headquarters in Sweeden has announced that it has received nearly 57,000 orders for the new XC90 worldwide, outstripping forecast sales for this year of 50,000. In fact, three quarters of the orders for Volvo’s new XC90 are for the top of the range Inscription model. Just so you know, Volvo XC90 Inscription is priced at Rs. 77.90 Lakhs (Ex-Showroom) in India.
“With 76 per cent of customers choosing the top end Inscription model, it is fair to say that we have now entrenched our position as a premium car maker,” said Alain Visser, Senior Vice President for Marketing Sales and Customer Service. Underpinning the company's new new Scalable Product Architecture (SPA) architecture, the XC90 is widely regarded as the safest SUV in the world. “It has been a good first half of the year, with an improved financial performance,” said Håkan Samuelsson, President and Chief Executive. “We have been implementing a transformation plan since 2010 and this financial result demonstrates that we continue to be on the right track.”
Volvo is investing in a global transformation as part of its long term strategic ambition to enhance its position as a global premium car maker. Driven by the complete renewal of its product range, Volvo is aiming to almost double sales to around 800,000 cars a year in the medium term. In the first half, Volvo also announced it will build a new manufacturing facility in South Carolina. Construction on the USD 500m plant near Charleston will start this fall and the new facility will have initial production of around 100,000 cars per year and be completed by 2018. For those asking, the India-spec second-generation XC90 is powered by a 2.0L, 4-cylinder diesel engine which develops a maximum power of 225 bhp and 470 Nm of peak torque, while mated to an 8-speed automatic transmission.