New Delhi:
Luxury car maker Volvo Car India today said it will raise the prices of its three models – XC90, XC60 and XC40 Recharge – by up to 1.8 percent from November 25 to offset the impact of rising input costs.
However, the prices of the S90 Petrol Mild-Hybrid and XC40 Petrol Mild-Hybrid remain unchanged.
The ex-showroom price of XC40 Recharge will currently increase from Rs 55.9 lakh to Rs 56.9 lakh. Similarly, the prices of XC 60 will rise to Rs 66.5 lakh and that of XC90 to Rs 96.5 lakh from Rs 94.9 lakh earlier.
Continued disruption to global supply chains, leading to higher logistics costs, has led to higher input costs, the Swedish automaker said in a statement.
However, the company is committed to price protection for customers who have booked their car until today, it added.
All bookings from Friday will trigger new pricing, the automaker said.
“Rising global inflation forces us to share some of the rising input costs with our consumers,” noted Volvo Car India Managing Director Jyoti Malhotra.
(Except for the headline, this story has not been edited by DailyExpertNews staff and is being published from a syndicated feed.)
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