Volvo announces price revision for its Indian lineup
Published On Apr 02, 2016 12:18 PM By Akshit
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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.
