Volvo Cars India will be increasing the ex-showroom prices, ranging INR 1 lakh to 2 lakh effective from 3rd May 2021. The price hike will include the luxury saloon S90 and the premium range of SUVs – XC40, XC 60 and XC90. Volvo reveals that the decision has come due to the weakening of the Indian Rupee (INR) and the rise in input costs.
Back in 2018, the brand announced a similar price hike but maintained prices on the entire line-up until now. Volvo reveals that the currency situation in the Indian market is volatile and the COVID-19 situation has worsened the situations. The routine business setup is also hampered due to the pandemic. The pandemic has also had its effect on the forex situation over the years. Adding to this, the cost of production has also increased and hence this leaves the brand with no choice but to share some of these costs with the customer.
The brand has announced that the new price for the Volvo S90 sedan will be 60.90 lakh ex-showroom. The S90 is available in the D4 Inscription trim. The XC90 will now come at the price of INR 88.90 lakh ex-showroom available in the D5 Inscription trim. The XC60 will be available at INR 60.90 lakh ex-showroom available in the D5 Inscription variant. The XC40 is now priced at INR 41.25 lakh ex-showroom and is available in the T4 R Design trim.
At the beginning of 2021, Volvo Cars India launched the S60. Volvo is excluding the S60 from the price hike and will continue to retain its ex-showroom price. The Volvo S60 comes at the price of INR 45.90 lakh ex-showroom, India and is available in the T4 Inscription variant. The third-generation S60 comes with a 2.0-litre four-cylinder petrol engine. The engine produces 190 HP of power and 300 Nm of torque and features a front-wheel-drive architecture.