Overview
- Prices will rise by up to Rs 1 lakh across all Volvo models in India starting May 1, 2026.
- Volvo has not shared model-wise changes, so exact increases for the EX30, EC40, XC60, and XC90 remain unknown.
- The company cites persistent supply chain problems, foreign exchange volatility, and higher freight and raw-material costs.
- Volvo signaled more hikes could follow if global and geopolitical pressures persist, including disruptions near the Strait of Hormuz.
- The move follows recent increases by Audi, Mercedes-Benz, and BMW in India, which points to higher costs being passed on to luxury buyers.