VW India to hike prices by up to 3% from January

NEW DELHI: German auto major Volkswagen on Friday said it will increase prices of its products in India by up to 3% 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 foreseen 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 Passat with prices ranging from ₹5.55 lakh to ₹32.99 lakh. Commenting on the imminent price hike, 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.”