Volvo announces price revision for its Indian lineup

Volvo India today announced a price revision for its entire model range. While the prices for almost all the models have been hiked by 3 percent, two models from the company’s Indian lineup have witnessed a price reduction.

“All the models have undergone an upward revision to increase the Ex-showroom prices by 3 percent,” the company said in an official statement.  

The Indian subsidiary of the Swedish carmaker is attributing the price increase to the recently proposed taxation norms on cars across various categories in the Budget 2016.

As mentioned above, the prices of two models have been reduced, which includes Volvo’s smallest offering in the country – the V40 Cross Country D3 Inscription (by INR304,000) and its sedan – the S60 Kinetic (by INR151,000) and Momentum (by INR24,000). The revised prices shall be effective from 1st April, 2016.

The Ex-showroom (Delhi) prices for all models are as below:

MODEL

 

Old

New

S60 Kinetic

INR

32,40,000

30,88,970

S60 Momentum

INR

35,25,000

35,00,970

S60 Inscription

INR

38,35,000

39,03,700

S60 R-Design

INR

40,25,000

41,71,500

S60 Cross Country Inscription

INR

NA

38,90,000

S60 T6 Petrol

INR

42,00,000

43,26,000

XC60 Kinetic

INR

43,50,000

44,80,500

XC60 Momentum

INR

46,60,000

47,99,800

XC60 Inscription

INR

50,20,000

51,70,600

XC60 R-Design

INR

52,00,000

53,56,000

XC90 Momentum

INR

68,90,000

70,96,700

XC90 Inscription

INR

77,90,000

80,23,700

V40 D3 Kinetic

INR

24,75,000

25,49,250

V40 R-Design

INR

27,70,000

28,53,100

V40 Cross Country D3 Inscription

INR

32,50,000

29,45,800

V40 Cross Country T4 Petrol

INR

26,50,000

27,29,500

Speaking on the price revision, Tom von Bonsdorff, Managing Director, Volvo Auto India said, “This year’s budget has forced us to relook at the pricing in order to provide the best in class products to our customers. At the same time, we are pleased to be able to offer a significant price reduction on S60 Kinetic, S60 Momentum and V40 Cross Country D3 Inscription variants, without compromising on the features and specification levels. Efficiencies of scale have enabled us reduce cost and hence pass on the price discount to our customers.”

Volvo isn’t the first carmaker to hike the prices of its cars post the 2016 budget. From Maruti Suzuki to Mercedes-Benz, almost every car company has increased the prices of their cars.

CarDekho

Volvo announces price revision for its Indian lineup