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From ‘this’ date, Volvo’s cars will be expensive! Why the sudden increase in price? find out

Samira Vishwas | April 18, 2026 4:24 AM CST

Volvo Cars prices will increase
Volvo sells four major models in India
The price of all these models will increase

Swedish premium car maker Volvo has decided to increase the prices of all its models in the Indian market. The company has announced that the hike will be effective from May 1, 2026. Volvo currently sells four flagship models in India, Volvo EX30, EC40, XC60 and XC90. As the price of all these cars will increase, the customers will now have to pay more money.

How much will the rates increase?

According to Volvo India, after the implementation of the new rates, the price of the cars may go up to a maximum of Rs 1 lakh. This increase will not be the same for all models, but will vary depending on the type and variant of the car. The Volvo EX30 is the company’s cheapest car in India and its ex-showroom price currently starts at around Rs 41 lakh. While the Volvo XC90 is the most expensive SUV, the price starts from around Rs 97.8 lakh (ex-showroom). After the hike, these prices are likely to increase further.

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Reasons behind price hike

According to the information provided by the company, the main reasons for this price increase are the problems in the global supply chain and fluctuations in foreign exchange. The ongoing tensions in the Middle East in particular have affected international trade. As a result, the prices of raw materials required to manufacture cars have increased. Volvo has taken this decision by passing on the impact of these increased production costs to the consumers.

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Same decision of other companies

Not just Volvo, luxury car manufacturers like BMW, Audi and Mercedes-Benz have also hiked the prices of their vehicles. This seems to be affecting the entire luxury car segment due to rising costs.

Overall, buying a luxury car in India is going to be more expensive now due to global economic conditions and rising production costs. So customers need to consider this increase while deciding to buy a car.