On 9th March, New Delhi, 2018: A basic increase in the import duty has announced at th recent budget, there will be a hike across the range for the upcoming stock. Price will be revised by the company for the new stock as the duty structure.
Charles Frump, MD, Volvo Car India shared, “We are planning to hike prices across our range by up to 5% as a direct impact of duty announced at the union budget. The increased duty comes as a surprise and will have a short term impact on the automobile industry. However, we are hopeful with the successful roll-out of GST there will be long term industry stability” He further added, “What I would have liked to see is a much needed incentives for hybrids and plug-in hybrids as these solutions have an immediate impact on environment. Volvo Cars’ vision is aligned with the Indian Governments vision of going full electric but till we get to full electric, the interim is hybrids”
We do know the Volvo cars as the brand of luxury and best in class products in its segment with their competitive price and intuitive technology given in models.