Volvo Car India has announced a price hike for some of its models on sale in India. The price hike in these vehicles is up to 1.8 per cent compared to earlier prices.
How much have the prices been hiked to?
For the XC40, Volvo has hiked the price from INR 55.9 lakh to INR 56.9 lakh. The XC60’s price has been bumped up from INR 65.9 lakh to INR 66.5 lakh. The flagship XC90 is now dearer by INR 1.6 lakh and is priced at INR 96.5 lakh.
According to the Swedish carmaker, the hike is on account of the continued disruption of global supply chains leading to higher logistic costs. This, in turn, has resulted in higher input costs as compared to earlier.
That said, prices for the S90 petrol mild hybrid and the XC40 petrol mild hybrid have not been changed. They continue to retail at their earlier prices.
Validity of price hike
The new prices will be effective from today, that is, 25th November 2022. Customers who have already booked their cars will avoid facing this price hike. Volvo has said they are committed to price protection offered to customers who have booked their vehicles until 24th November 2022. All bookings made after this date will have the new prices applicable.
Volvo Cars in India
Volvo first came to India back in 2007. Today, the Swedish brand has 24 dealerships across India. Cars like the all-electric XC40 Recharge, XC90 SUV, the mid-size SUV XC60, the compact luxury SUV XC40 and the luxury sedan S90 are being locally assembled at the company’s Bangalore plant.
The XC40 Recharge has received an overwhelmingly good response for the electric vehicle in India. The company received over 150 bookings for it in just two hours since launch. It has