Volvo Car India announces price hike on Petrol Mild-Hybrid models

Volvo Car India today announced a price increase in the ex-showroom prices of its petrol mild-hybrid models with immediate effect. The prices of the mild hybrid variants of the popular XC40, XC60, S90 and XC90 have been increased by 1% to 2% as a result of the increase in customs duty as announced in the recent budget.  Subsequent to the price increase the ex-showroom price of the XC40 B4 Mild Hybrid will now be INR 46,40,000 (ex- showroom), XC60 B5 Mild Hybrid will cost INR 67,50,000 (ex-showroom). The S90 B5 Mild Hybrid will be priced at INR 67,90,000 (ex-showroom) while the XC90 B6 Mild Hybrid will be at INR 98,50,000 (ex-showroom). “The changes in customs duty as announced in the recent budget has resulted in an increase in input costs of our petrol mild-hybrid models. This has resulted towards marginally increasing the price of our mild hybrids” said Mr. Jyoti Malhotra, Managing Director, Volvo Car India. Volvo’s newly launched Pure Electric SUV XC40 Recharge, all other petrol mild- hybrids namely, XC90 SUV, the mid-size SUV XC60, the compact luxury SUV XC40 and the luxury sedan S90, are being locally assembled at the Bangalore plant.