Volvo hikes XC40 Price, Adds Two New Variants To Lineup

Automobiles

Volvo hikes XC40 Price, Adds Two New Variants To Lineup

By Nidhi Bhanot

July 17, 2018

It has been just two weeks since Volvo launched its most affordable SUV yet, the XC40, in the Indian market. In that time Volvo has already sold the 200 units allocated to India at the introductory price of Rs 39.9 lakh ex-showroom India. All R-Design units sold henceforth will bear a price tag of Rs 42.9 lakh, which is a price increase of Rs 3.0 lakh over the introductory price.Recommended read: Volvo XC40 First Drive Review

Volvo has also introduced two new variants to the XC40 lineup – the Momentum and Inscription – priced at Rs 39.9 lakh and 43.9 lakh (ex-showroom India), respectively. The Momentum is the new base variant while the Inscription will be the new top-spec variant of the XC40 lineup. The deliveries of the new variants are set to commence later this month. No new engines have been added though and the XC40 is still powered by the D4 2.0-litre 4-cylinder diesel engine that produces 190PS of max power and 400Nm of peak torque. The engine is mated to an 8-speed automatic gearbox that supplies power to all four wheels via an intelligent AWD system.

At the launch of the SUV, Volvo stated that the XC40 will be the carmaker’s volume car in the Indian market and will be a major factor in helping the company achieve the target of 10 per cent segment share by 2020. In fact,  the company has shown tremendous growth in the first six months of 2018 and will hope to continue the trend in the coming months with the XC40. The competitively priced XC40 competes against the likes of the BMW X1Audi Q3 and the Mercedes-Benz GLA.

Source: Car Dekho