Volkswagen announces 2.5% hike in car prices from January 1

Following in the footsteps of manufacturers like BMW, Honda, Hyundai, Mercedes-Benz, Maruti, Mahindra, Nissan, Renault & Tata Motors, Volkswagen too has announced an increase in the prices of their vehicles in India.

The manufacturer has announced that the hike in the prices of their products will be by 2.5%. The new prices will start reflecting from January 2014.

Volkswagen is feeling the pinch due to ever increasing production cost, resulting from increased cost of raw materials. Volkswagen says that this is a minor revision and it is necessary to maintain its quality standards.

Arvind Saxena, managing director, Volkswagen Passenger Cars said, “We have been faced with constant rise in input cost over the past several months and have tried our best to absorb it. However, in order to maintain our quality standards that our customer expects from us, we have had to increase the price by a small percentage"