Volkswagen India has announced to increase prices across its portfolio of cars from January 2017. The price increase will be in the range of three percent depending on the product and variants of the car.
The price increase will include the sub-compact sedan Ameo which was launched earlier this year. VW India currently sells the Polo, Vento, Jetta, Beetle and the Ameo. The list also includes Polo GTi which is priced at Rs 26 lakh ex-showroom (Delhi).
VW in India sells models in the price range of Rs 5.24 lakh to Rs 27.83 lakh, the price rise comes amid the increase in steel prices. Car manufacturers have announced the increase in the price in the range of one to three percent to offset the increase in price.
Despite the diesel gate scandal, Volkswagen is competitive in the global market even threatening the largest automaker in the world, Toyota to take the top spot.
The year 2016 has been quite eventful for VW in India, it ventured into the highly competitive segment of sub-compact sedans by launching the Ameo. The company too launched the Polo GTi to cater to the auto enthusiasts in the country. The company recalled its previous generation Skoda Superb for its infamous diesel engines.
Volkswagen India has a couple of launches in 2017 with the new generation Passat and the Tiguan making in-roads to the country.
Car manufacturers such as Toyota, Renault, Nissan, Tata Motors and Hyundai India have announced price increase across their models as well. Toyota has announced price increase in the range of three percent and Nissan will increase prices by Rs 30,000.
While Tata Motors will increase the prices in the range of Rs 5,000 to Rs 25,000 across its portfolio. Hyundai India has increased the prices by up to Rs 1 lakh from January 2017.