XC40 Recharge EV launch put off to next yr

Hyderabad Volvo, a Swedish carmaker has postponed the launch of the XC40 Recharge EV to early 2022 due to the global semiconductor shortage. The existing XC40 compact SUV based Volvo XC40 Recharge is the brand's first all-electric offering and was expected to launch in India in the final quarter of 2021.

It has been showcased in India in early 2021 and was expected to launch around October. It featured a twin-battery setup with a claimed range of 418km and a dual-motor all-wheel-drive powertrain.

Jyoti Malhotra, Managing Director, Volvo Car India, said: "The global shortage of semiconductors has resulted in Volvo having to reschedule the production of XC40 Recharge. Subsequently, Volvo Car India has also decided to defer the bookings and launch of the XC40 Recharge to early next year. The company believes in giving a committed delivery date to customers once they book. Volvo Car India will continue to deliver the current lineup. Our XC40 and S60 petrol variants are already available in India and we will introduce petrol variants of our premium sedan S90 and mid-size luxury SUV XC60 this year."