Volvo cars to increase price by up to 5%
Bangalore, Friday, 9th March, 2018: An increase in the basic import duty announced at the recent budget will result in a price hike across the range. Prices will be revised for the new stock which is in the pipeline to be custom cleared as the new duty structure increase will not allow costs to be absorbed.
Charles Frump, MD, Volvo Car India shared, “Weare planning to hike prices across our range by up to 5% as a direct impact ofduty announced at the union budget. The increased duty comes as a surprise andwill have a short term impact on the automobile industry. However, we arehopeful with the successful roll-out of GST there will be long term industrystability" He further added, “What I would have liked to see is a muchneeded incentives for hybrids and plug-in hybrids as these solutions have animmediate impact on environment. Volvo Cars' vision is aligned with the IndianGovernments vision of going full electric but till we get to full electric, theinterim is hybrids"
Volvo Cars has always focused on providing thebest-in-class products at competitive prices with class-leading safety andintuitive technology offered as standard across models.
Volvo Car India
Swedish luxury car company Volvo Car India (VCI)established its presence in India in 2007 and has since then, workedintensively to market the Swedish brand in this country. Volvo Cars currentlymarkets products through its dealerships in South Delhi, West Delhi, Gurgaon,Ahmedabad, Surat, Mumbai, Chandigarh, Coimbatore, Hyderabad, Chennai,Bangalore, Kochi, Vishakhapatnam, Vijayawada, Jaipur, Pune, Ludhiana andLucknow.