Volkswagen will hike prices of its best-selling cars in India - hatchback Polo and sedan Vento - by up to Rs 26,800 from February citing increased inputs costs and changes in the exchange rate.
The German carmaker said in a statement that it will hike the prices by a 2.7 per cent on all variants of the Polo and Vento to partially offset increased input costs and changes in the exchange rate.
This price increase, of up to Rs 22,700 for the Polo and up to Rs 26,800 for the Vento, will be effective from February 1 2014, it added.
At present, the petrol version of the Polo is priced at Rs 5.01 - 6.11 lakh, while the diesel variant is available at Rs 6.11 - 7.21 lakh.
While the Polo GT TSI is tagged at Rs 8.08 lakh, the Polo GT TDI is priced at Rs.8.08 lakh.
The Vento, on the other hand is priced at Rs 7.34 - 8.88 lakh for the petrol variant, and Rs 8.49 - 9.99 lakh for the diesel avatar. The top-end Vento GT TSI costs Rs 9.99 lakh (ex-showroom, Delhi).
"Input costs have steadily increased over the last few months, and exchange rate movements have not been favourable," Volkswagen Group Sales India managing director (Volkswagen passenger cars) Arvind Saxena said.
"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 per cent hike in our car prices."
The company on Wednesday also announced the Polo will have dual front airbags as standard fitment on across the variants.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
