Volvo India has announced that the brand has rescheduled the launch of the Volvo XC40 Recharge in India. The all-electric Volvo XC40 Recharge was scheduled for its debut in India in October 2021. But due to the global shortage of semiconductor chips, the brand has deferred the booking and also delayed the launch. The company also revealed that the Volvo XC 40 Recharge would make its debut early next year.
Volvo Will Continue its Petrol Powered Vehicles in India
The Swedish multinational manufacturer also believes in giving a committed delivery date to customers. In addition to this, the brand also announced that the XC40 and S60 petrol variants are already available for sale in India and will continue to do so. Volvo will also be introducing the mid-size luxury SUV XC60. Also, the brand will be introducing the petrol variant of the S90 premium sedan as well.
Volvo Will Phase Out Diesel Engine This Year
Volvo will be phasing out its diesel engines by the end of this year. The initiative is in line with the brand’s sustainability efforts. The phasing out of diesel engine cars is also in line with the brand’s commitment to becoming a fully electric car company by 2030. Volvo also revealed earlier that the company would become a carbon-neutral brand by 2040. The brand is taking several initiatives to achieve this goal. Even in the Indian market, Volvo’s dealership will become green, and the brand is undertaking steps to skill up the workforce to handle the upcoming electric cars.
Semiconductor Chip Shortage – A Global Phenomenon
The COVID-19 pandemic disrupted the manufacturing and logistics department in both 2020 and the first half of 2021. The surge of the semiconductor chips in the automotive industry and the global electronics market led to an acute shortage. This even led auto majors like Ford to completely shut down production for several days. Semiconductors are used in the latest generation telematics and infotainments systems, sim-based connected technology, electronic control units etc. The chips are also an integral part of laptops, tablet PCs, desktops, gaming consoles, mobile phones etc.