The Economic Times

Volvo Cars plans to raise India prices as rising input, logistics costs hit automakers

Volvo Cars India is facing significant challenges from rising input and logistics costs, which may lead to price increases. The company's Managing Director Jyoti Malhotra highlighted that shipping and turnaround times are particularly problematic. Volvo intends to roll out a new electric vehicle every year to enhance its market presence. Currently, Volvo offers four vehicles in India, with two being electric cars.