Volvo S60 Crosscountry
Volvo S60

Swedish car-maker Volvo Cars has revised the prices of it models sold in India Friday, April 1, following the proposed taxation norms on cars across various categories that were announced in Budget 2016. With the price revision, while the cost of some of the models has gone up by 3 percent, others have become cheaper.

According to Budget 2016 announced by Finance Minister Arun Jaitley Feb.29, the government would levy infrastructure tax on all four-wheelers, and 1 percent additional infrastructure tax would be levied on small petrol and CNG cars, while 2.5 percent would be imposed on diesel cars. The government also proposed 4 percent infrastructure cess on SUVs and other luxury cars. In addition to the infrastructure tax, there will be a 1 percent service charge on purchase of luxury cars that cost over Rs. 10 lakh.

The new Volvo prices are effective from April 1. The price of S60 Cross Country remains unchanged at Rs. 38.90 lakh (ex-showroom, Delhi).

"This year's budget has forced us to relook at the pricing in order to provide the best in class products to our customers. At the same time, we are pleased to be able to offer significant price reduction on S60 Kinetic, S60 Momentum and V40 Cross Country D3 Inscription variants, without compromising on the features and specification levels. Efficiencies of scale have enabled us reduce cost and hence pass on the price discount to our customers," said Tom von Bonsdorff, Managing Director, Volvo Auto India, in a statement.

Volvo Model Range Old Prices (Rs.) New Prices (Rs.)
V40 D3 Kinetic 24,75,000 25,49,250
V40 R-Design 27,70,000 28,53,100
V40 Cross Country D3 Inscription 32,50,000 29,45,800
V40 Cross Country T4 Petrol 26,50,000 27,29,500
S60 Kinetic 32,40,000 30,88,970
S60 Momentum 35,25,000 35,00,070
S60 Inscription 38,35,000 39,03,700
S60 R-Design 40,25,000 41,71,500
S60 Cross Country Inscription -- 38,90,000
S60 T6 Petrol 42,00,000 43,26,000
XC60 Kinetic 43,50,000 44,80,500
XC60 Momentum 46,60,000 47,99,000
XC60 Inscription 50,20,000 51,70,600
XC60 R-Design 52,00,000 53,56,000
XC90 Momentum 68,90,000 70,96,700
XC90 Inscription 77,90,000 80,23,700

[1 lakh = 100,000 | 1 crore = 10 million | 100 crore = 1 billion]

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