Volvo XC60, C40 Recharge and More to Get Costlier From January in India; Here's Why

Volvo Cars India recently announced a price hike of up to 2% for its models starting from January. Growing input prices and volatile foreign exchange rates are the causes stated by the luxury automaker for the move. In the last few days, a majority of the manufacturers revealed their intention to hike the pricing of their vehicles for the Indian market in the upcoming year. Some of these include Mahindra, MG, Honda, and Hyundai. For the uninitiated, Volvo ventured into the Indian market in 2007. The luxury automaker is currently offering a wide selection of cars in the country, including the XC60, XC90, XC40 Recharge, and others. With an introductory price of Rs 61.25 lakh (ex-showroom), the Volvo C40 Recharge is the newest vehicle to join the brand's lineup this year. After the XC40 Recharge, which currently sells for Rs 56.90 lakh (ex-showroom), it is Volvo's second electric vehicle for our market. Talking particularly about our market's luxury manufacturers, Volvo has become the fourth brand, following Mercedes-Benz, BMW, and Audi, to raise model pricing from next year. Here's all you need to know about the aforementioned upscale brands' approaching price hikes. 

Also Read: autoX Awards 2023: Volvo C40 Recharge Performance, Quality and Value for Money Ranked

Mercedes-Benz Price Hike

Mercedes-Benz India is going to raise ex-showroom pricing for some models by up to 2% from January 1, 2024. The high-end carmaker asserted that a price hike is required because of growing expenses for inputs, commodity charges, and logistical costs, as well as significant rising inflation. The increase in prices aims to offset the consequences of rising expenditures while keeping the company and its Franchise Partners stable.

BMW Price Hike 

BMW India will also be raising the pricing of all of its models starting at the same time, by up to 2%. The decision has been taken to address concerns raised by changing currency rates and higher input costs. BMW plans to put out all of the specifics of the price increase and the impact that external variables are having on its goods by the end of the year.

Audi Price Increase

In response to growing operating and input costs, Audi India will also hike the cost of all of its vehicles by up to 2% in the coming month. Some of the cars that are offered by the German brand's Indian subsidiary comprise the Audi A4, A6, A8 L, Q3, Q3 Sportback, Q5, Q7, Q8, S5 Sportback, RS5 Sportback, RS Q8, and Q8 50 e-tron. To facilitate an uninterrupted expansion of the brand and its dealer partners in the market, the luxury automotive company will implement a price hike. It has promised, however, to reduce the effect of the price hike on customers as much as possible.

Also Read: Volvo C40 Recharge Review: Bringing Sexy Back!

Volvo C40 Recharge: New Addition To Range This Year

As already mentioned, the C40 Recharge is the newest member of the premium carmaker's assortment in India. It has a 78kWh battery and two electric motors, one on each axle. In tandem, both of these motors generate a maximum power rating of 402bhp and an optimum torque of 660Nm. The C40 Recharge is capable of sprinting from a stop to 100km/h in 4.7 seconds, which is 0.2 seconds faster compared to the Volvo XC40 Recharge. The car's top speed is approximately 180km/h, and its WLTP range stands at 530-kilometre. Moreover, it is furnished with a panoramic glass roof, a 9-inch vertically oriented touchscreen, dual-zone temperature control, and a 12.3-inch digital driver's display, a 13.-speaker Harman Kardon audio system, and more.