VIDEO: Volvo India MD on EV Demand, Price Hikes & EX90 Launch | Jyoti Malhotra Interview

Volvo Cars India MD Jyoti Malhotra speaks to Autocar Professional at the SIAM Annual Convention about the luxury carmaker’s festive-season outlook, rising input costs, forex pressures and the possibility of price hikes.

Malhotra also discusses the growing demand for luxury EVs, with nearly one in four Volvo cars sold in India already being electric, and outlines the company’s plans to bring the Volvo EX90 and ES90 to India.

He shares his views on India’s multi-pathway approach to powertrains, the future of hybrids and EVs, localisation, free trade agreements (FTAs), supply-chain challenges and why he believes electrification remains the long-term direction for the Indian automotive industry.

Topics covered:

• Volvo India’s festive-season outlook
• Luxury car demand in India
• EV penetration reaching 25% at Volvo
• Volvo EX90 and ES90 India plans
• Potential price hikes
• Rupee depreciation and forex pressures
• Supply-chain challenges
• Localisation and FTAs
• Future of hybrids and EVs
• India’s electrification roadmap