Volvo India revises its models’ prices, on the basis of Budget 2016

Haryana: A Swedish Multinational Manufacturing Company- The Volvo Group’s Indian set up, yesterday, on 1st April has announced a revision of prices of its car across the range. Also it was seen that the prices of some of its models are turned down towards, up to 3.04 lakhs of rupees, some other models’ prices are raised up to three per cents.

It was reportedly stated that the said increase in the prices of the car models from Gothenburg- based car manufacturer, is as a result of the New taxes which are levied on cars in 2016’s Budget.

The effect of such alternation of prices can be seen heavily on the Volvo V40 Cross Country D3 Inscription, which has seen the steepest fall in its price by 3.04 lakh of rupees, while the effect of hike can be seen with the prices maximum increased by 2.33 lakh rupees for XC90 Inscription.

As per the Managing Director- Tom von Bonsdorff- for Volvo Auto India, the said modification in the prices of the Volvo cars is being effected on the basis of “this year’s budget”, which has “forced” them to do so, “for providing the best in class products” to their customers. Also, he further sought to show that the company is made capable, at the same time, to offer significant reductions in prices on S60 Kinetic, S60 Momentum and V40 Cross Country D3 Inscription variants, even without compromising on the features and other specification levels.

Along with the V40 Cross Country D3 Inscription which has witnessed a massive reduction in the price, the S60 Kinetic has also received a price cut of 1.51 lakhs of rupees, also Volvo S60 Momentum is offering price cut of twenty- four thousands of rupees.

Moreover, it can be seen that the Company- Volvo India will now introduce the new V40 and V40 Cross Country facelifts later this year, as it had launched its S60 Cross Country earlier this year. And these new coming models would be following up by the all- new S90 sedan which is possibly to arrive around the festive season.

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