Indian passenger vehicle sales decrease by 6.3% in June 2025 Indian passenger vehicle sales in June 2025 were down 6.3% y/y to 275,766 units. For April through June of 2025, total vehicle sales were down 1.2% to 1,235,097 units, compared to the same period of 2024. PVs (passenger vehicle, UV and van) sales were down 1.4% y/y to 1,011,882 units (excludes BMW, Mercedes-Benz and Volvo Cars). CVs (M&HCVs and LCVs) sales were down 0.6% y/y to 223,215 ...

News  Updated at: 2025/07/16

Volvo Cars announces SEK 11.4 billion impairment charge due to tariffs and EV launch delays On July 14, Volvo Cars announced that it will record a one-off non-cash impairment charge of SEK 11.4 billion in the second quarter of 2025. The charge stems from revised financial assumptions related to the EX90 and ES90 platforms, following past launch delays and newly imposed import tariffs in several key markets. Despite a major software upgrade and a ...

News  Updated at: 2025/07/15

Volvo Cars cuts 15% of U.S. headquarters workforce amid general cutbacks Volvo Cars has cut about 15% of its commercial workforce in the U.S. as the company battles recent market headwinds. Volvo eliminated about 60 jobs, mostly at its Mahwah, New Jersey, headquarters, according to a person familiar with the matter. Some of the cuts were made through attrition. Volvo’s U.S. field staff is not affected. “Volvo Cars is taking measures to become...

News  Updated at: 2025/07/11

Volvo Cars reveals low carbon footprint of new ES90 On July 10, Volvo Cars announced the carbon footprint of its new fully electric ES90. The vehicle is designed with a strong focus on sustainability. According to Volvo’s Life Cycle Assessment (LCA) report, the ES90 has a carbon footprint of 31 tonnes when charged with a European energy mix, which drops to 26 tonnes with wind energy. The vehicle’s footprint is about 50% lower than the S90 mi...

News  Updated at: 2025/07/10

Volvo Cars partners with Polestar to jointly develop Polestar 7 at Kosice Plant in Slovakia On July 3, Volvo Cars and Polestar signed a memorandum of understanding (MoU) to jointly develop and produce Polestar’s upcoming premium compact SUV, Polestar 7, at Volvo’s new manufacturing facility in Kosice, Slovakia. The Polestar 7 is expected to launch in 2028. If final agreements are reached, it will be the second model produced at the Kosice pla...

News  Updated at: 2025/07/03

implementation of the 90-day extension of reciprocal tariffs approaching July 9, trade negotiations are still in flux, and the possibility of an upward swing cannot be ruled out, depending on the outcome. By vehicle type, sales of light trucks were down 3.2% y/y to 1,040,714 units, while passenger cars were down 15.9% y/y to 218,323 units. Seasonally adjusted at annual rates (SAAR)  2024Jun Jul Aug Sep Oct Nov Dec 2025Jan F...

News  Updated at: 2025/07/03

Volvo Cars and GlobalLogic deepen engineering collaboration On July 1, Santa Clara, California-based GlobalLogic Inc., a Hitachi Group Company and leader in digital engineering, announced it has been selected in Volvo Cars’ partnership ecosystem as one of the strategic partners within engineering services globally.  With this collaboration, GlobalLogic and Volvo Cars will continue working together to create the next generation of faster, smart...

News  Updated at: 2025/07/02

AFRY, Sweden partners with Volvo Cars to support development of next-gen EVs On June 30, AFRY, an engineering, design, digital and advisory services provider, entered into a framework agreement with Volvo Cars as a strategic supplier in engineering. The agreement spans until 2026 and outlines AFRY’s role in delivering product development across all areas of Volvo Cars’ operations. Under the agreement, AFRY will support Volvo Cars with technic...

News  Updated at: 2025/07/01

Volvo Cars announces XC60 as new best-selling model ever On June 25, Volvo Cars announced that the XC60 has become the best-selling model in the company’s history, surpassing the iconic Volvo 240 with over 2.7 million units sold globally since its 2008 debut. Initially produced in Europe and later in China, the XC60 gained popularity for its safety, comfort, and Scandinavian design. Its current generation introduced PHEV variants and was the to...

News  Updated at: 2025/06/26

Salzgitter Group, Germany and Volvo Cars expand partnership for low CO2 steel products On June 18, Salzgitter Group and Volvo Cars announced that they are expanding their partnership. In 2026, significant amounts of steel scrap from the Volvo Cars’ body parts plant in Olofström in southern Sweden will be sold to the Salzgitter AG steelworks. Salzgitter Group will feed it back into the production process at Salzgitter Flachstahl GmbH. The Salzg...

News  Updated at: 2025/06/24

Bertrandt, Germany becomes a strategic supplier to Volvo Cars On June 24, Bertrandt announced that it had been nominated as a strategic engineering service supplier to Volvo Cars. The relationship between the two companies is based on a shared understanding of values with the aim of driving technological progress and making a relevant contribution to a sustainable and safe future. In addition to the shared ambition to shape the mobility solutions...

News  Updated at: 2025/06/24

Targa Telematics and Volvo Cars partner to develop new connected mobility services On June 19, Targa Telematics partnered with Volvo Cars to integrate data from Volvo vehicles in Europe. The partnership with Volvo Cars involves the direct integration of data streams from the numerous Volvo models into Targa Telematics’ platform to enable the creation of new connected mobility services using information relating to items such as kilometers trave...

News  Updated at: 2025/06/19

Volvo Cars selects Tata Technologies, India as supplier for SDV and PLM Support On June 19, Tata Technologies announced its selection as a supplier by Volvo Cars. The expanded partnership will focus on key areas including product engineering, embedded software solutions, and product lifecycle management (PLM) services. Tata Technologies will provide support from its global delivery centers, including Gothenburg, Sweden, as well as locations in In...

News  Updated at: 2025/06/19

EDAG Group, Germany becomes technical service provider of Volvo Cars On June 18, the EDAG Group announced that it will now support Volvo Cars as a strategic supplier. Volvo Cars has decided to focus its research and development collaboration in technical services on a few selected strategic suppliers. Having been selected as a strategic service provider, the EDAG Group will be working closely with Volvo Cars. With the EDAG Group's local presence ...

News  Updated at: 2025/06/18

Volvo Cars launches Abbey Road Studios Mode in EX90 models On June 17, Volvo Cars announced it officially launched Abbey Road Studios Mode, a new in-car audio experience developed in collaboration with Bowers & Wilkins and Abbey Road Studios, available in all Volvo EX90 models equipped with the optional Bowers & Wilkins High Fidelity Audio system and will be delivered free of charge via an over-the-air (OTA) update in the coming weeks. The mode r...

News  Updated at: 2025/06/18

Volvo Cars opens EX30 pre-sales in Brazil at 2025 Interlagos Festival On June 12, it was reported that Volvo Car Brasil is showcasing two upcoming models at the Festival Interlagos 2025, including the debut of the EX30 Cross Country in a pre-sale campaign. The EX30 is expected to arrive at dealerships in September. Equipped with dual electric motors and all-wheel drive, the SUV delivers 428 hp and 543 Nm of torque, accelerating from 0 to 100 km/h...

News  Updated at: 2025/06/14

Volvo Cars and HCLTech, India partner on engineering services On June 12, HCLTech, a leading global technology company, announced that Volvo Cars has chosen HCLTech as one of its strategic suppliers for engineering services. Drawing on an established relationship in digital and PLM services, this agreement significantly expands HCLTech’s role to cover the delivery of end-to-end engineering solutions at scale.  The strategic collaboration will ...

News  Updated at: 2025/06/12

Volvo Cars signs recycled steel deal with SSAB, Sweden On June 12, Volvo Cars signed a new agreement with SSAB for the supply of high-quality, recycled, and near-zero-emission steel starting in 2025. Volvo Cars is the first car maker to sign a supply agreement with SSAB for recycled, near-zero-emission steel for serial production deliveries. The recycled steel will be used in selected components of the forthcoming electric EX60 SUV, as well as ot...

News  Updated at: 2025/06/12

China Passenger Car Association analysis of production and sales volumes for May 2025 The China Passenger Car Association (CPCA) announced the production and sales volumes of passenger cars (including sedans, SUVs, and MPVs, excluding minivans) for May 2025. China passenger car production and sales volumes in May 2025 Retail May retail sales volumes of passenger cars totaled 1.932 million units, reflecting a year-over-year (y/y) increase of 13.3%...

News  Updated at: 2025/06/10

Attero partners with Volvo Cars India for EV battery recycling On June 5, Attero, an India-based lithium-ion battery recycling company, announced a partnership with Volvo Cars India. The partnership will focus on recycling electric vehicle (EV) batteries and building a closed-loop supply chain in India using Attero’s proprietary technology. The technology can recover over 98% of critical minerals like lithium and cobalt. Based on Attero social...

News  Updated at: 2025/06/05