Volvo Cars India wins more than 200 reservations for the all-new compact luxury SUV XC 40

Riding the wave of SUVs, Swedish luxury car maker Volvo Car India has won more than 200 bookings for its recently launched XC40 compact luxury SUV
within 15 days launch.

Launched at an aggressive price of Rs 39.9 lakhs at Rs 43.9 lakhs (ex-showroom), Volvo expects the SUV to play a key role in the development of the car. reaching a double digit market share by 2020.

Charles Frump, Managing Director of Volvo Car India, said: "We are absolutely delighted to have received such a positive response for the new XC40.This is a good start for us and we hope that It will contribute significantly to reach 10% of market share by 2020 ".

The XC40 is packed with features for Volvo to compete with the top three German brands. Even the basic Momentum model boasts a panoramic sunroof, an AWD, a front radar, a leather upholstery, a central touch screen of 9 ", a descent control, a reversing camera.

Volvo Cars recorded the best first half with a 33% volume growth in January-June 2018 compared to last year. The strong commercial performance of 1242 units is driven by the XC60, which contributed 25% of the total volume.