The prices of the mild hybrid variants of XC40, XC60, S90 and XC90 have been increased by 1-2%, the automaker said in a statement.
Volvo Car India on Wednesday said it has hiked prices of its Mild-Hybrid models by up to 2% in order to offset the impact of duty hike in the Budget.
The prices of the mild hybrid variants of XC40, XC60, S90 and XC90 have been increased by 1-2%, the automaker said in a statement.
Subsequent to the price increase, the ex-showroom price of the XC40 B4 Mild Hybrid will be ₹46.4 lakh; XC60 B5 Mild Hybrid at ₹67.5 lakh; the S90 B5 Mild Hybrid at ₹67.9 lakh; the XC90 B6 Mild Hybrid at ₹98.5 lakh.
“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,” Volvo Car India Managing Director Jyoti Malhotra said. .
Volvo’s newly launched pure electric SUV XC40 Recharge, all other petrol mild-hybrids namely, XC90 SUV, the mid-size SUV XC60, the compact luxury SUV XC40 and the luxury sedan S90, are being assembled locally at the Bengaluru plant.