Volvo: All-Electric Future & GST Impact on SUVs

Contributing sentiments towards policy:

64% : "While the government's continued 5 per cent GST on electric vehicles (EVs) keeps the long-term focus on electrification, the reduction in overall tax for luxury ICE vehicles made our mild-hybrid SUVs an even more compelling proposition for the festive season and beyond," Malhotra said.
62% : The implementation of GST 2.0 has been a significant catalyst, and it has streamlined the luxury segment by rationalising the tax structure, Volvo Car India Managing Director Jyoti Malhotra told PTI in an emailed interview.
54% : " Malhotra further said, "This is a strategic reflection of two primary factors: the successful market entry of our EX30 and a temporary recalibration of CMA (Compact Modular Architecture) availability as we transition to newer global supply cycles." On the future roadmap, he said, "It is important to note that our commitment to an all-electric future remains unchanged, and we view these figures as a steady baseline as we prepare for a more aggressive EV rollout in 2026." With the company refreshing its ICE (internal combustion engine) portfolio in 2025, flagship models XC90 and XC60 saw "a considerable double-digit growth in monthly sales in the post-GST period compared to the preceding months", he added.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.