Volvo Cars India Hikes Prices Of XC90, XC60 and XC40 Recharge

Volvo Cars and trucks India has elevated the price tag of decide on styles citing rising enter price pressures. The models that will see an upward cost revision involve – the XC90, XC60 and the all-electrical XC40 Recharge. The rate of the company’s flagship SUV, the Volvo XC90, has been improved by Rs. 1.6 lakh, and it now stands at Rs. 96.50 lakh, though the XC60 has become dearer by Rs. 60,000, and it is now bought at Rs. 66.50 lakh (the two ex-showroom India). As for the firm all-electric compact SUV, the XC40 Recharge, it has obtained a hike of Rs. 1 lakh and is now priced at Rs. 56.90 lakh (ex-showroom, India).

Design	Variant	Form	Price tag (ex-showroom)
XC40 Recharge	P8 Best	Pure Electric powered	Rs. 56.90 lakh
XC60	B5 Top	Petrol Moderate-Hybrid	Rs. 66.50 lakh
XC90	B6 Ultimate	Petrol Moderate-Hybrid	Rs. 96.50 lakh

The new price ranges will occur into effective from November 25, 2022. However, the corporation confirmed that it will offer price safety to all clients who have booked Volvo autos till November 24, 2022. All bookings created after the reported date will catch the attention of new rates. Also, the charges of the Volvo S90 Petrol Moderate-Hybrid, and XC40 Petrol Moderate-Hybrid remain unchanged.

Volvo suggests disruption of world-wide source chains leading to higher logistic charges has led to an increase in enter costs. 

Volvo states that the continued disruption of international provide chains primary to increased logistic fees has led to an maximize in enter charges. Jyoti Malhotra, Managing Director, Volvo Car or truck India reported “The increasing global inflation has compelled us to share some of the increasing enter cost with our people. We have determined to hold the price line for all motor vehicles booked until currently and result the rise on select styles from 25th November 2022. Selling prices of S90 Petrol Moderate-Hybrid and XC40 Petrol Mild-Hybrid will remain unchanged.”

Appropriate now, all Volvo cars and trucks together with the all-electric powered XC40 Recharge, are staying regionally assembled at the company’s Bengaluru plant. In truth, Volvo states that the lately launched XC40 Recharge has obtained an frustrating response from prospects, and the corporation obtained above 150 online orders in just two several hours of opening of bookings, which is a considerable feat for a luxurious electrical auto.