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Volkswagen India has announced a hike in prices of their entire product lineup in India. The German car maker will increase prices by up to 3 per cent from January 2019.
Volkswagen states that the price hike due to the rising input and distribution costs, along with the depreciating rupee. Steffen Knapp, Director, Volkswagen Cars India, stated, "Over the last few months, we have been facing several fluctuations within the economy particularly the rise in input costs."
He further added, "At Volkswagen, we have tried our best to absorb the increasing costs but in order to maintain quality standards that a Volkswagen customer expects, this is an essential move. A diminutive percentage increase will assist the company in restoring equilibrium for the upcoming months."
Volkswagen cars in India come with a starting price of Rs 5.65 lakh for the entry-level Ameo compact sedan to Rs 32.99 lakh for the top-end Passat sedan. All prices are ex-showroom (Delhi).
Volkswagen isn't the only manufacturer to hike prices, starting January 2019. Other car makers such as BMW, Toyota, Isuzu and Maruti Suzuki have also announced an increase in prices of up to 4 per cent.
Volkswagen is expected to soon be launching their new T-Cross SUV in the Indian market. The Volkswagen T-Cross will be the first product from the German brand to use their new global MQB A0 platform. The T-Cross SUV once launched in India will take on rivals such as the Hyundai Creta and the upcoming Tata Harrier.
Volkswagen Group also recently announced the end of production of petrol and diesel cars. The German brand will stop producing IC engine powered cars by 2026 and will concentrate on electric vehicles for the future.
Thoughts On Volkswagen Price Hike
Volkswagen is the fifth major car manufacturer in the country to announce a hike in the prices of their products. The rising input and the constant fluctuation in the economy have resulted in car makers inevitable increasing the prices of their offerings in India.