Due to increase in cost of production, numerous Automakers in India have been hiking the prices of their Models in order to cover the cost, now even Volkswagen India joins the list.
Volkswagen India on Thursday announced that it will hike the prices of its hatchback Polo and mid-sized sedan Vento in India by up to 2.5 percent from next month.
The company joins other automobile manufacturers such as Maruti Suzuki India, Nissan, Renault India, Honda Cars, Mahindra & Mahindra, Ford India, Isuzu, BMW India, Audi India and Hero MotoCorp, which have already announced that they would hike prices from January due to increased input costs.
“Effective January 2021, Volkswagen India announces a price revision of up to 2.5 percent across the Polo and Vento models in lieu to the rising input costs,” a spokesperosn of Volkswagen Passenger Cars India said in a statement. The company sells Polo and Vento with price starting from ₹5.88 lakh and ₹8.94 lakh, respectively.