Volvo Car India hike up price of ICE vehicles by 2 percent
Volvo Car India has announced a 2 percent rise in the cost of its internal combustion engine vehicles while keeping the prices of its electric vehicles unchanged. The ICE models' new pricing are as follows: the XC60 is now priced at Rs 68.90 lakh the S90 at Rs 68.25 lakh and the XC90 at Rs 1.08 crore.
Prices of the Swedish brand EVs remain unchanged with, the XC40 Recharge at Rs 57.90 lakh and C40 Recharge at Rs 62.95 lakh.
Customers have responded positively to Volvo Car India's EVs, with 580 units of the XC40 Recharge sold to date. The born electric C40 Recharge was released in September 2023, and 180 C40 Recharge cars were delivered to clients across India in a short period.
Volvo Car India is dedicated to growing the EV market by launching one new EV model each year. Customers may place orders on the Volvo Car India website with a refundable deposit of Rs 1 lakh. The XC40 Recharge and C40 Recharge are assembled for the Indian market at Volvo Car India's manufacturing site in Hosakote, Bengaluru, Karnataka.
Jyoti Malhotra, Managing Director, Volvo Car India, "We are focused on sustainable luxury e-mobility and have committed that we will be an all-electric company by 2030. We encourage the adoption of EVs and as part of this endeavour have decided that as of now we will hold the prices of our EVs despite rising forex and input costs. Industry dynamics may however compel us to revise the EV prices at a later date. So it's the best time to buy EVs from the Volvo stable before prices go up."
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