In India, Volvo debuted its first EV, the XC40 Recharge, in 2022. In light of the successful sales figures, the brand is introducing a new, more affordable single-motor variant. Now, the prices start from Rs 54.95 lakh, which is Rs 2.95 lakh, more affordable than the current dual-motor variant.
This might be a reaction to the recent turn of events from the Chinese EV manufacturer. Also, Volvo has direct competition from the Kia EV6, Hyundai Ioiniq 5 and BMW iX1.
This variant is already available in the international markets. It has a 475 km WLTP range and an impressive 595 km claimed range from ICAT standards. The battery is rated at 69 kWh and smaller in comparison with the 78 kWh battery equipped with dual motor variant.
The new electric motor is capable of generating 238 hp of power and a torque of 420 Nm. This will double the 0-100 km/hr time, which is still an impressive 7.3 s.
Whether it's the brand value or the conventional styling, Volvo sold 510 units of the XC40 Recharge Dual-motor till now. Moreover, the 'Tre-Kronor Experience' will be extended to the XC40 Recharge Single-motor consumers, offering personalisation and luxury. By introducing leather-free interiors, the carmaker is already committed to responsible luxury.
The Scottish premium car manufacturer also offers a coupe-styled SUV in their electric lineup. Namely, the C40 Recharge is still the flagship Volvo EV available in India with more design-centric and better aerodynamics. In combination, the pure electric Volvo cars went up to 28% in the previous year.
Volvo will be assembling the newer single-motor XC40 Recharge in the Hosakote plant in Bengaluru, like all their other models. Jyoti Malhotra, Managing Director of Volvo India, also commented, "The vehicle has been strategically priced for our customer base, as well as to showcase our continued commitment to growing the Indian EV market."
