Volkswagen has announced price increases for all of its models. Beginning in January 2023, the revised prices will be in effect. Volkswagen has cited increased commodity prices and impending regulatory changes as the causes of the price increase.
Volkswagen asserted in the statement that it has been absorbing a large share of the increased input costs and that the price increase will lessen their impact. The price increase would be implemented throughout the full Volkswagen model lineup in India.
When special edition cars are excluded, the German manufacturer offers six variants. Polo, Vento, Taigun, Tiguan, and the brand-new sedan Virtus are all part of the lineup. In 117 Indian cities, Volkswagen now operates a network of 157 sales touchpoints.
A price increase for their line-up has also been announced by other significant national manufacturers. Maruti Suzuki, Hyundai, and Tata Motors, the top three volume producers, have raised the cost of their vehicles.
Maruti Suzuki has stated that starting in January, the cost of its vehicles will increase. The price increase will, however, vary depending on the model. Maruti has also cited growing input prices and stringent regulatory requirements as reasons for the price increase.
The cost of all of Tata Motors' cars, including both commercial and passenger vehicles, would rise. The new prices will be effective as of January 2023. Its ICE and EV vehicles will both cost more. The price of the cars will definitely increase as a result of the rising cost of batteries.
The second-largest automaker in the nation, Hyundai India, has said that starting in January 2023, all of its model prices will rise. According to Hyundai, the price increase is the result of rising input costs. The business has chosen to take on some of the growing costs rather than passing along the whole impact to the consumer.
The price increase does not just apply to four-wheelers. The largest two-wheeler producer in the nation, TVS Motocorp, has also disclosed a pricing effective in January.