Volvo Car hikes price of mild hybrid trims by up to 2%

Volvo Car India on Wednesday said it has hiked prices of its Mild-Hybrid models by up to 2 per cent in order to offset the impact of duty hike in the Budget.

The prices of the mild hybrid variants of XC40, XC60, S90 and XC90 have been increased by 1-2 per cent, the automaker said in a statement.

Subsequent to the price increase, the ex-showroom price of the XC40 B4 Mild Hybrid will be Rs 46.4 lakh; XC60 B5 Mild Hybrid at Rs 67.5 lakh; the S90 B5 Mild Hybrid at Rs 67.9 lakh; the XC90 B6 Mild Hybrid at Rs 98.5 lakh.

"The changes in customs duty as announced in the recent budget has resulted in an increase in input costs of our petrol mild-hybrid models. This has resulted towards marginally increasing the price of our mild hybrids," Volvo Car India Managing Director Jyoti Malhotra said.