Volvo Car India defers price increase of its EVs while increasing prices on other models
Kolkata: Volvo Car India has deferred the prices of its EV offerings –the XC40 Recharge and the C40 Recharge while effecting a 2% price increase on its other models, a press release said.
The XC40 Recharge is priced at Rs 57,90,000 while the C40 Recharge is priced at 62,95,000.
The updated prices for the ICE models are as follows: the XC60 is now priced at Rs 68,90,000, the S90 at Rs 68,25,000, and the XC90 at Rs 1,00,89,000, according to the release.
“We are focused on sustainable luxury e-mobility and have committed that we will be an all-electric company by 2030. We encourage the adoption of EVs and as part of this endeavour have decided that as of now we will hold the prices of our EVs despite rising forex and input costs. Industry dynamics may however compel us to revise the EV prices at a later date. So it’s the best time to buy EVs from the Volvo stable before prices go up” said Jyoti Malhotra, Managing Director, Volvo Car India.
Volvo Car India’s EVs have had good response from customers and till date 580 units of XC40 Recharge have been sold.
It can be recalled that 150 units of the XC40 Recharge were booked within two hours of the bookings opening in July 2022.
"The born electric C40 Recharge was launched in September, 2023. Within a short span, 180 units of C40 Recharge cars have been delivered to customers across India," the company said.
Both XC40 Recharge and C40 Recharge are only sold online directly by the company. Customers can place orders online with a refundable deposit of Rs 1 lakh on Volvo Car India website.
The assembly of both the XC40 Recharge and C40 Recharge for the Indian market takes place at Volvo Car India's manufacturing facility in Hosakote, Bengaluru, Karnataka.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
TVK leader booked for social media post urging ‘Gen Z revolution’ after Karur tragedy
PoK protests: Agitation escalates as civilians toss containers into river, clash with Pakistani forces
Nine Assam workers killed in accident at Tamil Nadu power plant site, PM Modi announces compensation
Denmark to tighten student visa rules, restrict family entry for Bangladeshi and Nepali applicants
