Volvo Car India To Raise Prices By 2% From January 1, 2024

Volvo Car India reports the price hikes in the ex-showroom prices by up to 2 per cent from January 1, 2024 onwards. The brand states that the decision to raise prices is the result of rising input costs and volatile foreign exchange rates.

“The decision to adjust prices is in response to evolving market dynamics, forex exchange rate fluctuations, and rising input costs. This move aims to maintain a crucial balance, ensuring the continued delivery of high standards and the best driving experiences and reaffirming our commitment to uncompromised quality and safety,” said Jyoti Malhotra, Managing Director, Volvo Car India.

The price hike will impact a range of cars, including Volvo's electric car range, including the C40 Recharge and XC40 Recharge, as well as all other petrol mild-hybrids, including the XC90 SUV, the mid-size SUV XC60, and the sedan S90, which are locally assembled at the Bangalore plant.