Volvo Car India will recalibrate prices upward by as much as Rs 1 lakh for its vehicles from May 1. The automaker attributes the move to international supply chain disruptions and currency variations. It also warns that if the economic situation fails to improve, more price hikes could be announced later.
Volvo Group India president Kamal Bali says the Middle East conflict has not directly impacted India’s auto sector so far, but supply chain strain could become a real threat. He hopes for a swift end to the war, citing India’s resilience, while adding that Volvo is currently performing well with a strong market position.
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