Volvo to go all electric, rolls out born electric C40 Recharge

MUMBAI: Volvo, the Swedish luxury car maker, which plans to go all-electric by 2030, has introduced its first ground-up electric vehicle in India, the Volvo C40 Recharge priced at Rs 61.25 lakh at Delhi showroom.

“Going forward, we will launch an electric car every year in the India market,” Jyoti Malhotra, MD, Volvo Car India told Financial Chronicle, saying the vision of Volvo was to go all electric by 2030.

It is the second electric car of Volvo in India, after it launched the popular Volvo XC40 Recharge SUV last year.

“This locally assembled new coupe-SUV C-40 Recharge redefines the electric luxury with lifestyle and sustainability in the Indian car market,” Malhotra said.

He said the C40 Recharge has a Euro NCAP's five-star rating with regards to safety performance.

The bookings for Volvo C40 are open and the delivery will start shortly.

The car will be sold online directly by Volvo and customers will be able to place the order from the Volvo Car India website. The bookings can be made with a refundable deposit of Rs 1,00,000.

“Electric vehicles are expanding the automobile market in India and with this new C40 vehicle, we are targeting to increase our EV sales to 35 per cent of our total sales by next year,” Malhotra said.

He said with just one XC40 Recharge on sale since last year, it had contributed 26 per cent of the total sales in the first half of 2023.   

Volvo C40 Recharge comes with an 8-year battery warranty, 3 years comprehensive car warranty, 3 years Volvo service package, 3 years roadside assistance and a wall box charger of 11 kW.

The car has a 78kWh battery pack with a claimed range of 530 km. The car has a power of 408hp, 660 Nm torque with a top speed of 180 km/h, and a Li-Ion type battery.