Swedish luxury car maker Volvo Car India today announced an increase in the ex-showroom prices of its select models XC90, XC60 and XC40 Recharge due to rising input cost pressures. Continued disruption of global supply chains leading to higher logistic costs has led to an increase in input costs. The prices of the S90 Petrol Mild-Hybrid, and XC40 Petrol Mild-Hybrid remain unchanged.
The new prices are effective from 25th November 2022. However, the company is committed to price protection of customers who have booked their cars till 24th November 2022. All bookings after this date will attract new prices.
Mr. Jyoti Malhotra, Managing Director, of Volvo Car India said “The rising global inflation has forced us to share some of the rising input cost with our consumers. We have decided to hold the price line for all vehicles booked till today and affect the rise on select models from 25th November 2022. Prices of S90 Petrol Mild-Hybrid and XC40 Petrol Mild-Hybrid will remain unchanged.”
Volvo’s newly launched XC40 Recharge, Pure Electric SUV, XC90 SUV, the mid-size SUV XC60, the compact luxury SUV XC40, and the luxury sedan S90, all Petrol Mild-Hybrid are being locally assembled at the Bangalore plant. The XC40 Recharge received an overwhelming response of booking 150 cars within just two hours of opening bookings. In India’s luxury electric car segment, this is the first time that such bookings have been achieved in such a short span which is a reflection of consumer confidence in Volvo Cars.
Swedish luxury car Company Volvo established its presence in India in 2007 and has since then, worked intensively to market the Swedish brand in the country. Volvo Cars currently markets products through 24 dealerships in Ahmedabad, Bengaluru, Chandigarh, Chennai, Coimbatore, Delhi NCR – South Delhi, West Delhi, Gurgaon, Hyderabad, Indore, Raipur, Jaipur, Kochi, Kozhikode, Kolkata, Lucknow, Ludhiana, West Mumbai, South Mumbai, Pune, Raipur, Rajkot, Surat, Vishakhapatnam, and Vijayawada.
