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Volvo Car Price Hike: Up to ₹1 Lakh Increase from May 1
16 Apr
Summary
- Volvo Car announced a price increase of up to ₹1 lakh.
- The new prices will be effective from May 1.
- Supply chain disruptions and forex fluctuations are cited reasons.
Swedish luxury car manufacturer Volvo Car is set to implement a price revision for its vehicles in India. Effective May 1, the company announced that prices will be adjusted upwards by as much as ₹1 lakh.
This recalibration is a direct response to ongoing global supply-chain disruptions and volatile foreign exchange rates, according to a statement released by the company. Volvo Car India did not rule out the possibility of additional price increases in the near future, should the prevailing global geopolitical and economic conditions persist.
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