Volvo Cars Volvo Car India increases ex-showroom prices up to 4 pc
Kolkata: Swedish luxury car maker Volvo Car India today announced an increase in the ex-showroom prices of its cars in India ranging between Rs 1 lakh to 3 lakhs across all models due to rising input costs pressure.
The new prices are effective from immediate effect.
"However, the company is committed to price protection to customers who have booked their cars at Volvo dealerships till April 12, 2022. All bookings after this date will attract new prices," the company said in a press release.
The company had last announced a price increase at the beginning of the year, but since then the continued disruption of global supply chains, higher logistic costs and a volatile forex situation has led to a substantial increase in input costs.
Volvo Car India Managing Director Jyoti Malhotra said “The last few months have seen disruption of global supply chains leading to an increase in inputs and logistics costs. This has adversely impacted Volvo Car India as it has the entire Indian automobile industry.
This unprecedented cost increase has compelled us to increase the ex-showroom prices of all our product offerings.”
As a precursor to becoming an all-electric car company, Volvo Car India has transitioned to an all-petrol portfolio, with all diesel models being phased out. In India, Volvo has recently introduced the XC60, S90, and XC90 petrol with a 48V mild-hybrid system.
The Volvo XC40 SUV, Volvo XC60 SUV, Volvo S60 sedan and Volvo S90 sedan were among the bestselling models sold by Volvo Car India in the first half of 2021.
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