Volvo XC40 Recharge wins 25 percent of the luxury EV market in the first half of 2023
Volvo Car India has stated that its premium electric car, the XC40 Recharge, has captured 25 percent of the market share in the luxury EV class. The XC40 Recharge sold 241 units between January and June 2023, according to figures from the Government of India's Vahan webpage. The Volvo XC40 Recharge is the country's first locally built luxury electric SUV.
The Volvo XC 40 Recharge was introduced in July 2022, with deliveries beginning in November 2022. According to the corporation, 365 Volvo XC40 Recharge have been supplied since then.
The XC40 Recharge comes with a three-year comprehensive car warranty, a three-year Volvo service package, a three-year RSA, an eight-year battery guarantee, a four-year digital service subscription, and an 11 Kw wall box charger. Customers who purchase XC40 Recharge also receive unique access to the company's ultimate luxury program, known as the 'Tre Kronor Experience'.
A 78kWh battery pack propels the Volvo XC40 Recharge, generating a maximum power output of 408PS and 660Nm of torque. This motor, which sends power to all four wheels, is said to have a range of 418 kilometres on a single charge. With the aid of a 150kW DC fast charger, the battery pack can be charged from 10 prcent to 80 percent in 28 minutes.
The new Volvo XC40 Recharge features a 12-inch fully-digital instrument cluster, a 360-degree camera, electrically adjustable front seats with memory function, adaptive cruise control, lane keep assist, dual-zone climate control, a 13-speaker Harman Kardon-sourced music system, and a vertically stacked touchscreen infotainment system on the inside.
Jyoti Malhotra, Managing Director, Volvo Car India, said, "The XC 40 Recharge capturing a twenty five percent market share in its segment, is indeed remarkable and coming at a time when we are celebrating the first anniversary of our Pure Electric XC40 Recharge launch makes it even more memorable. The XC40 Recharge is currently the only EV model in our portfolio and as such having a twenty five percent share is a reflection of the confidence that our customers have reposed in the brand".
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