Volvo Car India is committed to an all-electric future, with one in four cars sold currently being an EV. The company plans a more aggressive EV rollout in 2026, while also refreshing its internal combustion engine (ICE) portfolio in 2025. According to MD Jyoti Malhotra, GST 2.0 has made mild-hybrid SUVs more appealing, and price increases are possible due to forex fluctuations.