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Volkswagen to increase price by up to 3% from January

Auto News - Published on Wed, 12 Dec 2018

Image Source: Inkhabar
German luxury carmaker Volkswagen last week said it will increases prices across its product range by 3% due to rising input cost. The price hike will be effective from January 2019. It said “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.”

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."

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Posted By : Joykumar Irom on Wed, 12 Dec 2018
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