Volvo Car India Announces Price Increase for Internal Combustion Engine Vehicles, Keeps Electric Vehicle Prices Unchanged

Volvo Car India

Volvo Car India has recently made an important announcement regarding the pricing of its vehicles. The company has decided to increase the cost of its internal combustion engine (ICE) models by 2 percent while keeping the price of its electric vehicles (EVs) unchanged. This move reflects Volvo’s commitment to sustainable luxury e-mobility and its dedication to growing the EV market.

The new pricing for the ICE models is as follows: the XC60 is now priced at Rs 68.90 lakh, the S90 at Rs 68.25 lakh, and the XC90 at Rs 1.08 crore. On the other hand, the prices of Volvo’s EVs remain the same, with the XC40 Recharge priced at Rs 57.90 lakh and the C40 Recharge at Rs 62.95 lakh.

Customers have responded positively to Volvo Car India’s EV offerings, with 580 units of the XC40 Recharge already sold to date. The C40 Recharge, which was released in September 2023, has also gained traction, with 180 cars delivered to clients across India in a short period.

Volvo Car India is taking significant steps towards supporting the growth of the electric vehicle (EV) market in India. The company has made a commitment to launch one new EV model every year as part of its determination to transition into an all-electric car manufacturer by 2030. This move is set to further fuel the adoption of electric vehicles in India, contributing to a cleaner and more sustainable future for the country.

If you’re looking to buy one of Volvo’s electric vehicles, you can visit their website and place an order. To confirm your order, you’ll need to submit a refundable deposit of Rs 1 lakh. This deposit guarantees that your order is confirmed and that your car will be delivered to you at the earliest possible date.

It’s worth noting that the XC40 Recharge and C40 Recharge are two of Volvo’s popular EV models that are specifically assembled in India at Volvo Car India’s manufacturing site in Hosakote, Bengaluru, Karnataka. This localization strategy allows the company to cater to the specific needs and preferences of Indian customers, while also contributing to the growth of the local economy. By manufacturing electric vehicles locally, Volvo Car India is creating job opportunities and supporting the development of a skilled workforce, which is essential for the growth of the country’s economy.

In light of rising forex and input costs, Volvo Car India has decided to hold the prices of its EVs for now, despite potential industry dynamics that may necessitate price revisions in the future. This presents a unique opportunity for customers to purchase EVs from the Volvo stable before any price adjustments are made.

Volvo Car India has recently announced its decision to keep the prices of its electric vehicles (EVs) unchanged in an effort to promote the adoption of green mobility and make it more accessible to a larger audience. The company has shown a strong commitment to sustainable luxury e-mobility and is dedicated to providing high-quality EVs that offer a greener and more environmentally friendly alternative to traditional internal combustion engine (ICE) vehicles.

By keeping the prices of its EVs the same, Volvo Car India aims to make them more affordable and appealing to potential customers. The company believes that this move will encourage more people to switch to EVs, which will ultimately help reduce carbon emissions and promote sustainable development.

Volvo Car India has been at the forefront of the EV revolution and has made significant investments in research and development to create cutting-edge electric vehicles that are both stylish and sustainable. The company is known for its innovative technologies and has been working tirelessly to develop new solutions to meet the evolving needs of its customers.

Overall, Volvo Car India’s decision to maintain the prices of its EVs is a significant step towards promoting sustainable mobility and encouraging more people to adopt green transportation. The company’s commitment to sustainable luxury e-mobility is a testament to its vision of a cleaner, greener, and more sustainable future.

In conclusion, Volvo Car India’s recent announcement regarding the pricing of its vehicles highlights the company’s dedication to sustainable mobility and the growth of the EV market. With a range of EV models available and plans to launch new ones in the coming years, Volvo Car India is well-positioned to contribute to the transition towards a more sustainable future for the automotive industry.


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