Homeauto News

Volvo Car India to hike prices of select models by up to 1.8 percent

Volvo Car India to hike prices of select models by up to 1.8 percent

Volvo Car India to hike prices of select models by up to 1.8 percent
Read Time
1 Min(s) Read
Profile image

By CNBCTV18.COMNov 24, 2022 6:21:30 PM IST (Published)

The ex-showroom price of  XC40 Recharge will rise to Rs 56.9 lakh from Rs 55.9 lakh currently. Similarly, the prices of XC 60 will rise to Rs 66.5 lakh and that of XC90 to Rs 96.5 lakh from Rs 94.9 lakh earlier.

Luxury car maker Volvo Car India on Thursday said it will increase prices of its three models -- XC90, XC60 and XC40 Recharge -- by up to 1.8 percent with effect from November 25 in order to offset the impact of rising input costs.

Recommended Articles

View All

The prices of the S90 Petrol Mild-Hybrid, and XC40 Petrol Mild-Hybrid however remain unchanged.
The ex-showroom price of  XC40 Recharge will rise to Rs 56.9 lakh from Rs 55.9 lakh currently. Similarly, the prices of XC 60 will rise to Rs 66.5 lakh and that of XC90 to Rs 96.5 lakh from Rs 94.9 lakh earlier.
Continued disruption of global supply chains leading to higher logistic costs has led to an increase in input costs, the Swedish carmaker said in a statement.
The company, however, is committed to price protection of customers who have booked their cars till today, it added.
All bookings from Friday will attract new prices, the automaker stated.
"The rising global inflation has forced us to share some of the rising input cost with our consumers," Volvo Car India Managing Director Jyoti Malhotra noted.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Previous Article

Here’s how to get an electric vehicle dealership for a great earning opportunity

Next Article

TVS Motor launches its first TVS Experience Centre in Singapore