Volvo Cars has reported an all-time high revenue and profitability for the full year 2021. Demand for cars remained strong with growing unit sales, despite persistent component supply shortages in the auto industry, the company said in a release.  

Volvo Cars has posted revenue of SEK 282 billion for 2021, up from SEK 262.8 billion in 2020. Its operating income rose 7.2 percent to SEK 20.3 billion, up from SEK 8.5 billion in Covid-19 affected 2020.  

Håkan Samuelsson, chief executive, Volvo Cars, said, “2021 was a year to be proud of for Volvo Cars. Despite persistent component supply shortages in the auto industry, we increased market share globally and delivered all-time high revenue and profitability.” 

However, the interim report for the fourth quarter showed that the revenues dropped 6 percent to SEK 80.1 billion. Demand and order intake remained strong, but production was restrained. The negative effect of volumes was offset by strong price realisation and a shift towards high margin models. On the other hand, the share of income in joint ventures and associates reduced operating income, primarily driven by strategic affiliates such as Polestar, where costs were incurred in their early development phase and a change in accounting treatment related to deferred tax assets. Operating income was SEK 3.7 billion in the quarter, representing an operating margin of 4.6 per cent. Excluding share of income from joint ventures and associates, EBIT margin was 7.1 per cent, the company said in a release. 

Sales volumes in the fourth quarter fell 20 per cent compared to the same period in 2020.
The company’s electrified line-up continued to be popular with customers and Recharge models made up 34 per cent of the global volume in the fourth quarter.
Plug-in hybrids amounted to 28 per cent of volumes, while fully electric cars made up 6 per cent of total sales in the fourth quarter. 

The share of fully electric cars as part of total sales will continue to grow as Volvo Cars increase the annual production capacity for fully electric cars to 150,000 cars after summer and, for the full year 2022, the company expects that share to have more than doubled compared with the full year 2021. 

The company said uncertainty is still high. While the component shortage has eased somewhat, the supply chain is expected to remain a restraining factor. At the same time, Volvo Cars continues to see strong customer demand, and expects that electric cars will grow faster than the overall market. This should allow the company to continue growing sales volume in 2022, the release added. (MT)  

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Honda Cars India (HCIL), a leading passenger vehicle manufacturer, has announced wholesales of 8,788 units in June 2026.

In the domestic market, the company sold 5,243 units and 3,545 units for export, which marks 71.5 percent YoY, when the company sold 4,618 units domestically and exported 506 units.

Kunal Behl, Vice-President, Marketing & Sales, Honda Cars India, said, "The launch of new City and India Premiere of global SUV Honda ZR-V has generated strong momentum for our overall sales including Amaze and Elevate during June, driven by healthy customer demand and a positive market response. With Monsoon conditions expected to improve during July, we hope to sustain this positive momentum in the months ahead.

“The deliveries of ZR-V are also scheduled to begin from July. It will draw discerning new customers and prospects into Honda showrooms, enhancing our premium brand appeal and unlocking new growth opportunities,” he added.

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French automotive company Renault India has recorded 4,063 domestic wholesale units in June 2026, a 55 percent YoY increase compared to the previous year. This also marks the 10^th consecutive month of double-digit growth for the company.

Interestingly, for H1 CY2026, the company reported sales of 25,844 units, representing 61 percent YoY growth.

During June, Renault India began exports of the Duster, dispatching 750 units to South Africa. The company stated that this performance reflects customer response to its product strategy and demand across its portfolio.

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Tata Motors Passenger Vehicles, one of the leading passenger vehicle manufacturers in the country, has reported wholesales of 63,083 units in June 2026, which was 69 percent higher than the 37,237 units sold last year. Exports for the month came at 1,007 units, as against 154 units sold last year.

For Q1 FY2026, the total wholesales came at 182,574 units, up 46 percent YoY, as against 124,809 units a year ago. Domestic sales came at 180,166 units, up 45 percent YoY, while exports came at 2,408 units, up 148 percent YoY.

 Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, said, “Q1 FY27 has marked a strong start for Tata Motors Passenger Vehicles, delivering industry beating growth with sales of 182,574 cars and SUVs, up 46 percent YoY. This performance was fuelled by robust customer demand and the success of our recent launches. Our leadership in electric mobility further strengthened during the quarter, with EV volumes more than doubling to record 112% growth YoY. Our retail performance was equally encouraging, with Vahan registrations rising around 40 percent YoY, nearly twice the industry growth. We concluded the quarter on a high note, recording June sales of 63,083 cars and SUVs, registering a robust 69 percent growth YoY. In EVs, we achieved our highest-ever monthly sales of 14,800 units, with volumes nearly tripling YoY. The sustained momentum across both wholesale and retail channels reinforces the growing strength of our portfolio and the positive response from customers across segments. The response to the new avatars of Tiago and Punch have been overwhelming with bookings surging across powertrain, reaffirming the strength of our multi-powertrain strategy. We are seeing encouraging growth in EV adoption across segments and the strong momentum in the entry EV category signals rapid mainstreaming of electric mobility across India. While supply constraints impacted Sierra volumes during the quarter, customer interest and booking momentum remain robust. Corrective measures are currently underway to further augment production from select vendors in line with demand and this will progressively enable us to accelerate deliveries from Q2 onward. With a strong order book, exciting products and sustained customer demand, we remain confident about maintaining our growth momentum through the rest of the year.”

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Nissan Motor India, one of the leading passenger vehicle manufacturers, has recorded its fourth consecutive month of domestic sales growth in June 2026.

The company reported domestic wholesales of 3,006 units last month, which marks a 129 percent YoY increase. Total wholesales for the month reached 8,346 units, including 5,340 exports, representing a 16 percent YoY rise.

Saurabh Vatsa, Managing Director, Nissan Motor India, said, “Recording four consecutive months of domestic sales growth is a strong reflection of the growing customer confidence in our product portfolio and the steady progress of our market strategy. This momentum has been made possible by the continued support of our partners, dealers and on-ground teams, who are playing a vital role in strengthening Nissan’s presence across India. The sustained demand for the New Nissan Magnite and the all-new Nissan GRAVITE, along with our expanding customer reach and network footprint, gives us confidence as we prepare for the World Premiere of the Nissan TEKTON on July 9. This milestone reinforces our long-term commitment to India and to delivering products that meet evolving customer expectations.”

The company is now preparing for the world premiere of the Nissan Tekton, scheduled to be introduced on 9 July 2026.

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