AGL 39.71 Decreased By ▼ -0.29 (-0.73%)
AIRLINK 128.99 Decreased By ▼ -0.54 (-0.42%)
BOP 6.73 Increased By ▲ 0.05 (0.75%)
CNERGY 4.46 Decreased By ▼ -0.17 (-3.67%)
DCL 8.56 Decreased By ▼ -0.38 (-4.25%)
DFML 40.50 Decreased By ▼ -1.19 (-2.85%)
DGKC 80.10 Decreased By ▼ -3.67 (-4.38%)
FCCL 32.80 Increased By ▲ 0.03 (0.09%)
FFBL 74.39 Decreased By ▼ -1.08 (-1.43%)
FFL 11.65 Increased By ▲ 0.18 (1.57%)
HUBC 109.20 Decreased By ▼ -1.35 (-1.22%)
HUMNL 13.85 Decreased By ▼ -0.71 (-4.88%)
KEL 5.32 Decreased By ▼ -0.07 (-1.3%)
KOSM 7.80 Decreased By ▼ -0.60 (-7.14%)
MLCF 38.85 Decreased By ▼ -0.94 (-2.36%)
NBP 63.50 Increased By ▲ 3.21 (5.32%)
OGDC 195.40 Decreased By ▼ -4.26 (-2.13%)
PAEL 25.76 Decreased By ▼ -0.89 (-3.34%)
PIBTL 7.40 Decreased By ▼ -0.26 (-3.39%)
PPL 155.15 Decreased By ▼ -2.77 (-1.75%)
PRL 25.91 Decreased By ▼ -0.82 (-3.07%)
PTC 17.35 Decreased By ▼ -1.11 (-6.01%)
SEARL 78.73 Decreased By ▼ -3.71 (-4.5%)
TELE 7.85 Decreased By ▼ -0.46 (-5.54%)
TOMCL 33.75 Decreased By ▼ -0.76 (-2.2%)
TPLP 8.35 Decreased By ▼ -0.71 (-7.84%)
TREET 16.19 Decreased By ▼ -1.28 (-7.33%)
TRG 58.02 Decreased By ▼ -3.30 (-5.38%)
UNITY 27.50 Increased By ▲ 0.07 (0.26%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,471 Increased By 64.6 (0.62%)
BR30 31,190 Decreased By -523.8 (-1.65%)
KSE100 97,737 Increased By 409 (0.42%)
KSE30 30,407 Increased By 214.5 (0.71%)

STOCKHOLM: Geely-owned Volvo Car Group's monthly sales fell 30.2% from a year ago in September, dented by the global component shortage, the Sweden-based automaker said on Monday.

The company warned last month that sales volumes in the second half of 2021 could fall year-on-year after production cuts due to material shortages.

"The decline was related to a shortage of components. This affected production although it picked up again late in the month," Volvo Cars said in a statement, adding demand for its products remained strong.

Global sales at the firm, which is considering listing on the Nasdaq Stockholm stock exchange this year, fell to 47,223 cars in September, with sales in Europe dropping 41.5% while they fell 9% in the United States.

Swedish electric car maker Polestar plans $20-bn IPO

A global chip shortage over the past year has caused a major delay in manufacturing activity and forced several automakers to scale back output.

Sources told Reuters last month that China's Geely Holding was in advanced discussions with banks to list Volvo Cars in the coming weeks, aiming for a valuation of about $20 billion.

Comments

Comments are closed.