Cars & Bikes

Volkswagen announces price hike of up to 3 per cent from January 2019

Volkswagen announces price hike of up to 3 per cent from January 2019

– Price hike of 3 per cent across lineup from January 2019

– Attributes hike in prices to rising input costs and depreciating rupee

Volkswagen India has announced a price hike of up to 3 per cent from January 2019. The company has attributed the hike in prices to dynamic changes within the economy and rising input costs followed by a depreciating rupee. The revised prices across the Volkswagen product line up will be known early next year.

Speaking on this announcement, Mr. Steffen Knapp, Director, Volkswagen Passenger Cars says, “Over the last few months, we have been facing several fluctuations within the economy particularly the rise in input costs. 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.”.

[“source=moneycontrol].