Volvo Car India hikes new car prices by up to 2.5 per cent owing to rising input costs.
Citing rise in input costs, Volvo India has announced that it has hiked prices across its model range up to 2.5 per cent. This has resulted in Volvo car prices going up from between Rs. 54,750 for the V40 D3 to Rs. 2.5 lakh for the XC90 T8 AWD model. Prices for the Volvo V40 D3 until now retailed at Rs. 26.17 lakh (ex-showroom Delhi) while the Volvo XC90 T8 AWD retailed at Rs. 1.25 crore (ex-showroom Delhi) before the price hike. Meanwhile the rather impressive S90 is hit by an increase in price of Rs. 1 lakh over its ex-showroom price. Volvo’s India model line-up also includes the XC60 and S60 at the moment.
Stating the reason for the hike in prices Volvo Cars India said, "The increase is due to rise in input costs which affect all models sold in India. Volvo Cars focus has always been to provide the best-in-class products to our customers at a competitive price with class-leading safety and intuitive features offered as standard across models." The revised pricing are applicable with effect from the 1st of April 2017."
The next rejig in new car prices is likely to come by later this year when the GST is rolled.
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