Volkswagen, the German car manufacturer plans to hike the prices of its sedan Vento and hatch back Polo by a 2.7%.It will hike the price of Rs. 22,700 for its Polo and Rs. 26,800 for the Vento. The new prices will be effective from February 1, 2014. The Company has told that its best selling hatchback Polo will include dual airbags as a standard for all of its variants.
Mr.Arvind Saxena, MD ,Volkswagen group sales India said, “Input costs have steadily increased over the last few months, and exchange rate movements have not been favourable. We have tried our best to absorb some of these, but in order to be able to continue to offer best-in-class quality and technology to our customers, we have now announced a 2.7% hike in our car prices.”
