The costs have been elevated within the vary of Rs 1 lakh to Rs 3 lakh, the Swedish carmaker mentioned in a press release.
The ex-showroom value of varied fashions comparable to XC40 has gone up by 3 per cent to Rs 44.5 lakh, XC60 by 4 per cent to Rs 65.9 lakh, S90 by 2 per cent to Rs 65.9 lakh and XC90 by 3 per cent to Rs 93.9 lakh.
“However, the company is committed to price protection to customers who have booked their cars at Volvo dealerships till April 12, 2022. All bookings after this date will attract new prices,” it added.
The firm had final introduced a value improve at first of the 12 months, however continued disruption of worldwide provide chains, larger logistic prices and a unstable foreign exchange scenario has led to a considerable improve in its enter prices, the automaker famous.
“The previous couple of months have seen disruption of worldwide provide chains resulting in a rise in inputs and logistics prices. This has adversely impacted Volvo Car India because it has the complete Indian car business.
This unprecedented value improve has compelled us to extend the ex-showroom costs of all our product choices,” Volvo Car India’s Managing Director Jyoti Malhotra famous.
As a precursor to changing into an all-electric automobile firm, Volvo Car India has transitioned to an all-petrol portfolio, with all diesel fashions being phased out.
In India, Volvo has not too long ago launched the XC60, S90, and XC90 petrol with a 48V mild-hybrid system.
Volvo XC40 SUV, XC60 SUV, S60 sedan and S90 sedan have been among the many bestselling fashions bought by Volvo Car India within the first half of 2021.
Various carmakers together with Maruti Suzuki, Mahindra & Mahindra and Toyota Kirloskar Motor have not too long ago introduced a rise of their ex-showroom costs.
Luxury carmakers comparable to Audi, Mercedes-Benz and BMW have additionally introduced value hikes not too long ago.
The automakers blame the rise in costs of varied important commodities like metal, aluminium, copper and treasured metals for improve within the general value of producing.
Besides, improve in freight charges, general transportation value and provide chain points have additionally led to a rise in automobile manufacturing value, as per the phase gamers.
Source: www.financialexpress.com”