Swedish luxury car maker Volvo Car on Thursday said it will recalibrate its vehicle prices in India by up to Rs 1 lakh from May 1.

Persistent global supply-chain disruptions and foreign exchange fluctuations have necessitated this marginal adjustment, the car maker said in a statement.

Volvo Car India added that it does not rule out a further price hike in its car prices soon if this global geo-political /economic climate continues.

The company currently markets its products through 23 showrooms and 25 workshops pan-India.

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