Volvo XC40, XC60, XC90, S90 Get Expensive by up to Rs 2 Lakh

Volvo Car India has announced an immediate price hike of up to Rs 2 lakh on its petrol mild-hybrid fleet. The models impacted by the hike include the XC40, the XC60, the XC90, and the S90. The latest price hike is the result of an increase in customs duty announced in the recent budget.

By Reetika Bhatt | on February 22, 2023 Follow us on Autox Google News

Volvo Car India recently announced an immediate hike in the ex-showroom prices of its petrol mild-hybrid models. Due to an increase in customs duty that was announced in the budget, the prices of the mild hybrid versions of the popular XC40, the XC60, the S90, and the XC90 have increased by 1 to 2 per cent. The XC40 B4 Mild Hybrid will now cost Rs 46.40 lakh (ex-showroom), and the XC60 B5 Mild Hybrid will cost Rs 67.50 lakh (ex-showroom) as a result of the most recent price hike. Further, the S90 B5 Mild Hybrid will cost Rs 67.90 lakh (ex-showroom), and the XC90 B6 Mild Hybrid will cost Rs 98.50 lakh (ex-showroom). For your reference, here's a comparison of the new and old prices of the impacted Volvo models.

Model New Price (ex-showroom) Old Price (ex-showroom) Difference
Volvo XC40  Rs 46.40 lakh Rs 45.90 lakh Rs 50,000
Volvo XC60 Rs 67.50 lakh Rs 66.50 lakh Rs 1 lakh
Volvo XC90 Rs 98.50 lakh Rs 96.50 lakh Rs 2 lakh
Volvo S90 Rs 67.90 lakh Rs 66.90 lakh Rs 1 lakh

Commenting on the latest price hike, 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 in marginally increasing the price of our mild hybrids.”

Also Read: Volvo Electric SUV To Globally Unveil in Mid-2023

All of Volvo's petrol mild-hybrid vehicles, including the XC90 SUV, the mid-size SUV XC60, the compact luxury SUV XC40, and the S90 luxury sedan, are locally assembled at the company's plant in Bangalore. Moreover, the auto manufacturer is also considering establishing a global EV plant in India.

In addition, by the end of this year, the company will introduce the Volvo C40 Recharge in India. The C40 Recharge will draw customers because of its appearance, according to Nick Connor, Head of APEC, Volvo Cars India. Based on the XC40 Recharge, the C40 Recharge is an electric coupe-SUV. Talking about the upcoming SUV, the front of the Volvo C40 Recharge will be similar to that of the XC40 Recharge, in terms of design. It will have sharp headlamps with an LED DRL pattern. Besides that, the ORVMs will be installed on the doors, and the SUV will ride on large 5-spoke alloy wheels. The car will have a coupe-like roofline, giving it a sporty appearance. 

The interior of the upcoming Volvo C40 Recharge is also identical to that of the XC40. It does, however, include a number of changes. Because the automaker wishes to keep the C40 Recharge as environment-friendly as possible, it is the first vehicle in the company's history to be devoid of leather on the inside. It has a large infotainment system in portrait mode, just like the XC40 Recharge.

Also Read: Volvo EX90 debuts as brand's flagship electric SUV

Regarding the powertrain, there are two C40 Recharge models available in foreign markets, each with a different set of specifications. A single-motor, rear-wheel drive model has a 482-kilometre driving range and a maximum power output of 235bhp. The other is a dual-motor AWD system with a maximum power output of 402bhp and a driving range of 504 kilometre. The AWD model has a 0-100km/h acceleration time of 4.7 seconds.

As part of its global strategy to transition to all-electric vehicles by the year 2030, the brand has also stated that it will only introduce fully electric models in the Indian market. However, the firm's current lineup in India is mainly comprised of mild-hybrid ICE models.

Tags: Volvo Volvo XC40 Volvo XC60 Volvo S90 Volvo XC90

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