Along with this, the company has also announced that the customers who had booked the car before April 12, will have to pay the previous amount only. This is the second time that Swedish manufacturer Volvo has increased the prices of its cars in the Indian market.
Earlier, the company had increased the price of its cars at the beginning of last year. When the company last hiked the price, Volvo India attributed the hike to disruptions in global supply chains, high logistics costs and volatile foreign exchange conditions.
Commenting on the price hike, Jyoti Malhotra, MD, Volvo Cars India said, “The past few months have seen disruptions in global supply chains, leading to increased input and logistics costs. This has adversely affected Volvo Cars India. , because it houses the entire Indian automobile industry.”
He further added that “this unprecedented cost escalation has forced us to increase the ex-showroom prices of all our products.” Let us inform you that Volvo Cars India has recently entered a full-petrol portfolio with the phasing out of all diesel models.
Companies like Maruti Suzuki, Tata Motors, Mercedes-Benz, Audi, Citroen and Tata Motors present in the Indian market have announced plans to hike prices since January. Apart from this, the company is going to launch its Volvo XC40 Electric in the Indian market soon.
|XC40||T4 R Design||Petrol||44,50,000||3%|
|XC60||B5 Inscription||Petrol Mild-Hybrid||65,90,000||4%|
|S90||B5 Inscription||Petrol Mild-Hybrid||65,90,000||2%|
|XC90||B6 Inscription||Petrol Mild-Hybrid||93,90,000||3%|
The company was supposed to introduce it only in 2021, but it is getting delayed continuously. Shortly before the launch of the new Volvo XC40 Electric, its information was revealed through the company’s website. The company can launch it at a price of Rs 75 lakh and it will be offered as a completely built unit.
The company introduced it in March 2021 and the company started its booking in June and delivery was to start from October 2021, but after that the company has not given any information till now. The company will offer this electric car only in a single trim Recharge Pro trim, although its booking and delivery information has not been received yet.