Volvo Car India on Thursday announced a price hike for select models XC90, XC60 and XC40 Recharge w.e.f November 25, 2022, due to rising input cost pressures.
Notably, the prices of the S90 Petrol Mild-Hybrid and XC40 Petrol Mild-Hybrid remain unchanged.
Under the new pricing, the XC40 Recharge is priced at 56.90 lakh, ex-showroom, India, while the XC60 and the XC90 have been priced at INR 66.50 lakh and INR 96.50 lakh, respectively.
A press release from the company stated that the continued disruption of global supply chains leading to higher logistic costs has led to an increase in input costs.
Jyoti Malhotra, Managing Director, Volvo Car India, noted that the rising global inflation has forced the company to share some of the rising input costs with the consumers.