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

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 per cent with effect from November 25 in order to offset the impact of rising input costs. 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, 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.

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Eid-ul-Fitr moon sighting highlights: Saudi Arabia, India may mark Eid same day

Eid-ul-Fitr 2022 moon sighting highlights: There is a wafer-thin chance that Muslims…

As Washington ramps up efforts to bring India on board with sanctions against Russia, U.S. treasury official on visit to Mumbai and Delhi

U.S. Assistant Secretary to discuss Russian oil purchases by India, rupee-rouble trade…

सड़क, रेल, 5G… अरुणाचल बॉर्डर से सटे तिब्‍बत में क्‍या-क्‍या गुल खिला रहा चीन, सेना ने सब बताया

Edited by दीपक वर्मा | भाषा | Updated: May 17, 2022, 1:08…

India Shelves ₹35,000 Cr Plan To Upgrade Su-30 Fighter Fleet Amid Russia-ukraine War | Mint

NEW DELHI : Several factors have shelved the Indian Air Force’s plan…