Volvo Car India announces price hike

Swedish luxury car maker Volvo Car India today announced an increase in the ex-showroom prices of its cars in India ranging between rupees one to three lakhs due to rise in input costs. The new prices would be effective from January 1, 2022.  The new model wise ex-showroom prices are as follows: Model Variant Type Existing  Ex-Showroom Price New  Ex-Showroom Price (w.e.f. Jan 1, 2022) Change XC40 T4 R Design Petrol 41,25,000 43,25,000 2 Lakhs XC60 B5 Inscription Petrol Mild-Hybrid 61,90,000 63,50,000 1.6 Lakhs S90 B5 Inscription Petrol Mild-Hybrid 61,90,000 64,90,000 3 Lakhs XC90 B6 Inscription Petrol Mild-Hybrid 89,90,000 90,90,000 1 Lakh Over the last few years, a volatile forex situation, disruption of global supply chains owing to pandemic induced restrictions and inflationary trends have led to increased costs of inputs. Mr. Jyoti Malhotra, Managing Director, Volvo Car India said “As with rest of the Indian auto industry, Volvo Car too has been impacted by rising input costs. Much as we would have wanted to maintain prices, the situation has left us with no other option but to share some of input costs increases with customers. While there is no change in the price of our luxury sedan S60 and our