To bulk rename Volume Labels for disks, use the following Powershell command:
get-ciminstance win32_Volume -filter “Label = ‘Old Label'” | set-ciminstance -Property @{Label =’New Label’}
If these volumes are mount points and you have to change the folder name as well, use the following Powershell command:
Rename-Item C:OldFolderName C:NewFolderName