Volvo Car India announces price hike by up to 2%, effective January 1, 2024

The decision to adjust prices is in response to evolving market dynamics, forex exchange rate fluctuations, and rising input costs, said the company's MD Jyoti Malhotra.

Autocar Professional BureauBy Autocar Professional Bureau calendar 15 Dec 2023 Views icon5088 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Volvo Car India announces price hike by up to 2%, effective January 1, 2024

Volvo Car India announced a price increase in the ex-showroom prices by up to 2 percent from January 1, 2024 onwards, on the back of rising input costs and volatile foreign exchange rates.

“The decision to adjust prices is in response to evolving market dynamics, forex
exchange rate fluctuations, and rising input costs. This move aims to maintain a
crucial balance, ensuring the continued delivery of high standards and best driving
experiences, reaffirming our commitment to uncompromised quality and safety” said Jyoti Malhotra, Managing Director, Volvo Car India.

Volvo’s Electric car range with C40 Recharge, XC40 Recharge and all other petrol
mild- hybrids namely, XC90 SUV, the mid-size SUV XC60, and the luxury sedan
S90, are being locally assembled at the Bangalore plant.

The C40 Recharge and XC40 Recharge are only sold online directly and customers
can place orders online directly on Volvo Car India’s official website, the press release noted. 

Volvo Car India joins other carmakers who have announced price increases effective January 1, 2024, citing cost pressures and inflation. 

 

 

 

RELATED ARTICLES

TVS Motor Company Developing New 160cc Liquid-Cooled Maxi-Scooter

auther Autocar Professional Bureau calendar06 Jun 2026

The Chennai-based manufacturer is reportedly readying its first premium maxi-scooter, powered by an all-new liquid-coole...

Low-Speed Electric Two-Wheelers Specs Reconsidered: India’s Testing Agencies Weigh Raising 250W Power and 60kg Weight Limits

auther Shahkar Abidi calendar06 Jun 2026

Raising power and weight limits for exempt e-two-wheelers risks enabling unlicensed, helmetless riding and heavier loads...

Exclusive: M&M Redraws the Supplier Playbook for a More Uncertain World

auther Ketan Thakkar calendar06 Jun 2026

As the SUV maker prepares a 26-product rollout through FY31 and expands its global footprint, it is asking suppliers to ...