Volvo Cars India hikes prices by up to Rs 3 lakh with immediate effect – Times of India

Volvo Cars India has immediately increased the prices of its line-up by up to Rs 3 lakh. In an official statement, the company claimed that the increase in prices is due to input cost, However, buyers who have booked the car before April 12 will be protected from price hike, Any bookings made after April 12 will attract revised prices.

The price of Volvo models in India has been increased by Rs 1 to 3 lakhs. their compact SUV XC40 The T4R variant now costs Rs 44.50 lakh ex-showroom Delhi. This is an increase of 3 per cent from its earlier price tag of Rs 43.25 lakh. Petrol mild-hybrid XC60 B5 subscriptions jumped 4 per cent from Rs 63.50 lakh to Rs 65.90 lakh. price for S90 The B5 Inscription Petrol mild-hybrid has also increased from Rs 64.90 lakh to Rs 65.90 lakh. Volvo’s full-size SUV, offering the XC90, saw the highest price hike in the lineup. XC90 The B6 Inscription will cost buyers Rs 3 lakh more for Rs 93.90 lakh.

This is the second price hike announced by Volvo since the start of 2022. They blame a volatile foreign exchange situation for global supply chain issues, high logistics costs and increased input costs.
“The past few months have seen disruptions in global supply chains leading to increased input and logistics costs. This has adversely affected Volvo Car India as it houses the entire Indian automobile industry. This unprecedented cost escalation has forced us to increase the ex-showroom prices of all our products. Mr Jyoti Malhotra, Managing Director, Volvo Cars India said.