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Volvo Car India defers price increase of its EVs while increasing prices on other models

Volvo Car India defers price increase of its EVs while increasing prices on other models

| @indiablooms | 18 Jan 2024, 02:43 am

Kolkata: Volvo Car India has deferred the prices of its EV offerings –the XC40 Recharge and the C40 Recharge while effecting a 2% price increase on its other models, a press release said.

The XC40 Recharge is priced at Rs 57,90,000 while the C40 Recharge is priced at 62,95,000.

The updated prices for the ICE models are as follows: the XC60 is now priced at Rs 68,90,000, the S90 at Rs 68,25,000, and the XC90 at Rs 1,00,89,000, according to the release.

“We are focused on sustainable luxury e-mobility and have committed that we will be an all-electric company by 2030. We encourage the adoption of EVs and as part of this endeavour have decided that as of now we will hold the prices of our EVs despite rising forex and input costs. Industry dynamics may however compel us to revise the EV prices at a later date. So it’s the best time to buy EVs from the Volvo stable before prices go up” said Jyoti Malhotra, Managing Director, Volvo Car India.

Volvo Car India’s EVs have had good response from customers and till date 580 units of XC40 Recharge have been sold.

It can be recalled that 150 units of the XC40 Recharge were booked within two hours of the bookings opening in July 2022.

"The born electric C40 Recharge was launched in September, 2023. Within a short span, 180 units of C40 Recharge cars have been delivered to customers across India," the company said.

Both XC40 Recharge and C40 Recharge are only sold online directly by the company. Customers can place orders online with a refundable deposit of Rs 1 lakh on Volvo Car India website.

The assembly of both the XC40 Recharge and C40 Recharge for the Indian market takes place at Volvo Car India's manufacturing facility in Hosakote, Bengaluru, Karnataka.

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