Volvo Cars India has just announced a price hike of 2 percent for its range of petrol-hybrid cars and SUVs in India with immediate effect. This is the second time that the brand has increased prices for its model in the country during the past 4 months.
Volvo Cars India Price Increase
The Swedish automaker has stated that the price increase is due to the higher customs duty that has been announced in the recent budget. Jyoti Malhotra, Managing Director, Volvo Car India, stated, “The changes in customs duty as announced in the recent budget has resulted in an increase in input costs of our petrol mild-hybrid models. This has resulted in marginally increasing the price of our mild hybrids”.
With this price increase, the Volvo XC40 B4 Mild-Hybrid is now priced at Rs 46.40 lakh (ex-showroom) while the XC60 B5 comes for Rs 67.59 lakh (ex-showroom). As for the Volvo S90 Mild Hybrid it will set you back by Rs 67.50 lakh (ex-showroom). The brand’s flagship model, the XC90 SUV now costs Rs 98.50 lakh (ex-showroom). Volvo did not announce a price hike for the recently launched XC40 Recharge.
Volvo Cars India: All Models Locally Assembled
Volvo also announced that all models, including the New XC40 Recharge, XC90, S90, XC60, and the XC40 are now being locally assembled at the automaker’s Bangalore manufacturing facility.
Volvo Cars India: Upcoming Launches
The company has not made any official announcement yet, but it is expected to launch a new pure electric model in the country later this year. This will most likely be the Volvo C40 Recharge SUV-coupe, which the automaker had previously confirmed.
Read Also: Volvo EX90 Flagship Electric SUV Makes its Appearance Globally
