Volvo Cars India Increased Prices of Petrol Vehicle Range by 2 Percent

Volvo Cars India has implemented a 2 percent price hike on its internal combustion engine (ICE) models, citing increased input costs and fluctuations in foreign exchange rates as the reasons for the adjustment. However, the prices for the electric offerings, namely the XC40 Recharge and C40 Recharge, remain unaffected for now. This decision aims to maintain competitive pricing and accelerate the adoption of electric vehicles (EVs) in the luxury car market in India.

Following the price adjustment, the XC60 is now priced at Rs 68.90 lakh, the S90 at Rs 68.25 lakh, and the XC90 at Rs 1.01 crore for the ICE models. In contrast, the XC40 Recharge retains its price of Rs 57.90 lakh, and the C40 Recharge remains at Rs 62.95 lakh (all prices are ex-showroom). Notably, the XC40 Recharge has gained significant popularity, with 580 units sold to date. The C40 Recharge, introduced in September 2023, has been delivered to 180 customers across India.

Volvo Car India, acknowledging the increasing demand for electric vehicles, has opted to defer the price increase on its EVs. The company remains committed to introducing a new EV model annually. The XC40 Recharge and C40 Recharge are exclusively available for online purchase, and their assembly for the Indian market occurs at Volvo Car India’s manufacturing facility in Hosakote, Karnataka.