Denemek ALTIN - Özgür
Volvo expects modest sales growth this year
Business Standard
|August 02, 2025
Swedish car giant Volvo Cars India expects 2025 sales growth to be lower or flat owing to a combination of factors, including forex fluctuations and the macroeconomic situation.
Jyoti Malhotra, managing director (MD), said: "We had anticipated this year to be a modest growth year, and it's progressing in that direction. It is a combination of macro and micro factors." Volvo had sold 1,860 cars in India in 2024 calendar.
"Forex creates one challenge. This whole year, we have lived in a lot of uncertainties—whether it is geopolitics or forex. So, we are in a bit of a fluid situation now," he said.
Malhotra added that for a combination of factors, this year is going to be a bit challenging. The festival season will bring some good news and things will look up, he said.
Bu hikaye Business Standard dergisinin August 02, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Business Standard'den DAHA FAZLA HİKAYE
Business Standard
IIFL Finance ropes in EY to conduct due diligence for stake sale in MFI subsidiary
IIFL Finance, which holds a majority stake in microlender IIFL Samasta, is exploring a stake sale in the company and has appointed EY to conduct due diligence, sources aware of the development said.
1 mins
March 05, 2026
Business Standard
Conflict casts shadow on Gulf’s glittering wedding season
An Uttar Pradesh couple’s dream of a wedding photoshoot at the iconic Burj Khalifa has turned into an unexpected ordeal.
3 mins
March 05, 2026
Business Standard
Sebi may review agri-commodity classification, margin framework
Move aimed at boosting participation in the commodity derivatives market
2 mins
March 05, 2026
Business Standard
US sinks Iran warship off Lanka, 87 dead
The US military carried out a strike that sank an Iranian warship off Sri Lanka's coast and triggered a rescue for dozens of Iranian sailors, three US officials told Reuters on Wednesday.
1 min
March 05, 2026
Business Standard
Sensex slips to 11-mth low; Volatility gauge jumps 23%
Escalating tensions in West Asia deepened the rout in Indian equities on Wednesday, as elevated oil prices stoked concerns about inflation, fiscal pressures and a broader slowdown in global growth.
3 mins
March 05, 2026
Business Standard
Sugar stocks turn sweet as crude oil prices boil
Shares of Indian sugar companies rallied on Wednesday on hopes that the Centre may not only revise ethanol prices — which have been on hold for almost three years — but could also consider raising the mandate from 20 per cent to 27 per cent.
2 mins
March 05, 2026
Business Standard
PAN misused for fraudulent loan? How to detect, restore credit score
A loan fraudulently taken on your Permanent Account Number (PAN) can wreck your credit score and you may not even know about it until a bank rejects your credit application.
1 min
March 05, 2026
Business Standard
₹ breaches 92 vs $; RBI buys govt bonds
The rupee fell to a record low of 92.30 against the dollar on Wednesday, pressured by escalating geopolitical tensions in West Asia that have sent crude oil prices sharply higher in recent days and stoked inflation concerns. Government bond yields also firmed in early trade, reflecting unease in domestic markets, before paring gains after central bank intervention.
2 mins
March 05, 2026
Business Standard
Petronet invokes force majeure as Qatar halts LNG production
India’s largest liquefied natural gas (LNG) importer Petronet LNG (PLL) has issued force majeure notice to QatarEnergy and its offtakers, including GAIL (India) Limited, Indian Oil Corporation Limited (IOCL), and Bharat Petroleum Corporation Limited (BPCL).
2 mins
March 05, 2026
Business Standard
Services PMI eases to 58.1 in February
India's services sector growth moderated slightly in February as new order growth slowed to a 13-month low amid slower improvement in demand and a pickup in inflation, a monthly survey said on Wednesday.
1 min
March 05, 2026
Listen
Translate
Change font size