Recently many leading automakers in the country like Toyota, Nissan, Datsun, Hyundai, Tata Motors and Renault had announced their decision to hike prices across their range in the country. This time around, Volkswagen becomes the latest one to announce a price hike of around 3 per cent across models which will be effective from January 2017. The price hike will depend on the product and the variant.
The automakers have cited the rise in input cost, increase in operating expenses and fluctuating exchange rates as the reason behind the price hike. Among big names, Hyundai Motor has hiked the prices by up to Rs 1.0 lakh, while Nissan and Tata will hike the price by about Rs 30,000 and up to Rs 25,000, respectively. Japanese automaker Toyota will be hiking prices by about 3 per cent next year. Volkswagen price hike will cover the entire range including the recently launched Ameo compact sedan and the performance oriented Polo GTi.
Though the company had been entangled in diesel engine controversy, the year 2016 has been successful for the German automaker as it enters the competitive compact sedan space with the Ameo and impressive performing Polo GTi. Moreover, Volkswagen is now offering dual airbags and ABS with EBD as standard safety feature across all its models which are sold in the country. In 2017, the automaker plans on introducing the new generation Passat and Tiguan in the country.
