Volkswagen India to hike prices by up to 3% in Jan

German auto major Volkswagen on Friday said it would increase prices of its products in India by up to 3 percent from January 2019 citing rising input costs. Following dynamic changes within the economy and rising input costs followed by a depreciating rupee, there has been a fore seen requirement to increase prices in the passenger vehicle segment, Volkswagen India said in a statement. The company currently sells a range of vehicles starting from hatchback Polo to premium sedan Pass at with prices ranging from ~555,000 to ~3.29 million. Volkswagen Passenger Cars Director Steffen Knapp said ," Over the last few months, we have been facing several fluctuations within the economy, particularly the rise in input costs ."