Volvo XC40 Recharge captures 25% luxury EV market share in H1 2023

Volvo Car India today announced that the XC40 Recharge captured 25% of the market share in the luxury EV segment in H1 2023. According to the Government of India’s Vahan portal, the XC40 Recharge sold 241 units in the period January-June 2023 which corresponds to 25% of the luxury EV segment.
The company launched the Volvo XC40 Recharge in July 2022 and commenced its deliveries in November 2022.Till now, around 365 units of the electric SUV has been delivered since deliveries started in Nov 2022, confirms the brand.
Powering the XC40 Recharge pure electric is a twin-motor, delivering a power output of 402 hp and 660 Nm of peak torque. The electric motors source power from a 78 kWh battery pack, offering a claimed range of up to 418 km on a single charge, as per WLTP. The Volvo XC40 Recharge can go from 0 to 100 kmph in just 4.9 seconds. Using a fast charger (150KW), the battery can be juiced up from 10 to 80 percent in around 28 minutes.

The manufacturer is offering a three-year warranty, a three-year Volvo service package, 3-year RSA and an 8-year battery warranty on the XC40 Recharge. Additionally, Volvo is also offering a 4-year digital service subscription and an 11 Kw wall box charger with the locally-assembled luxury electric SUV, the XC40 Recharge.
"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," says Jyoti Malhotra, Managing Director, Volvo Car India.
With the introduction of C40 Recharge, the company is in line with the commitment to have 100 percent electrified vehicles in the portfolio by 2030.