Volvo Cars India announce price increase on petrol-hybrid models
Volvo Car India today announced an increase in the ex-showroom pricing of its petrol mild-hybrid cars. The latest budget announcement of a rise in customs tax has resulted in a 1 to 2 percent price increase for the mild hybrid versions of the popular XC40, XC60, S90, and XC90.
The Volvo XC40 B4 Mild Hybrid will now cost Rs 46.40 lakh, while the XC60 B5 Mild Hybrid will cost Rs 67.50 lakh. The pricing of the XC90 B6 Mild Hybrid is Rs 98.50 lakh while the S90 B5 Mild Hybrid is Rs 67.90 lakh.
Volvo's newly launched pure electric SUV XC40 Recharge as well as all other petrol mild- hybrids namely are being locally assembled at the Bangalore plant.
Jyoti Malhotra, Managing Director, Volvo Car India said "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".
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