The decision of price hike comes as a result of the increasing manufacturing costs, fluctuating exchange rates and rising operating expenses.
After Hyundai and Nissan’s price hike announcement across their complete line-up, it is now Volkswagen India that will increase prices of its vehicles by up to 3% from 1st January 2017. As a reminder, the home-grown Tata Motors and Japanese carmaker Toyota, too, proposed a price hike across their entire product line-up. The decision of price hike comes as a result of the increasing manufacturing costs, fluctuating exchange rates and rising operating expenses.
Talking about Volkswagen’s Indian lineup, the company sells five models including Ameo sub-compact sedan, Polo hatchback, Vento sedan, Jetta and Beetle. Recently, the German carmaker has introduced ‘Crest Collection’ for the Ameo. This special collection has been made available across all variants of the compact sedan along with the Comforline and Hightline trims of the Polo and the Highline trim of the Vento sedan.
Besides this, the German carmaker announced the introduction of dual airbags and ABS as standard safety features across its entire model line up in India. In November 2016, Volkswagen India recorded a total sales of 4,014 units against 1,942 units of previous year, accounting 107% growth year-on-year. Volkswagen India is also planning to expand its portfolio with products like new-gen Polo, Tiguan, new Passat GTE, Passat and T-Cross Breeze.