German car maker Volkswagen on Thursday said it will increase prices across its range of models by up to Rs 20000 from Jan, 2018.
Steffen Knapp, Director, Volkswagen Passenger Cars said, “The price increase is essential on account of several external economic factors as well as fluctuations in the global commodity price and local input cost and is in line with industry. The impact will be across the product range in India.”
On Wednesday, the country’s largest carmaker Maruti Suzuki India Limited (MSIL) said the company is looking at raising prices across its range of models by up to 2% from January 2018 to offset the impact of rising input costs. The company currently sells a range of models, from hatchback Alto 800 to utility vehicle S-Cross with prices tagged between Rs2.45 lakh and Rs11.29 lakh (all prices ex- showroom Delhi).
Earlier this week, Tata Motors too said it will increase prices across its range of passenger vehicles by up to Rs 25000 come next month due to rise in input costs. Rival Mahindra & Mahindra (M&M) also is planning a price hike in the range of 1.5-2% from Jan 1, 2018. Toyota Kirloskar Motor (TKM) has said it will hike prices by up to 3%, Honda Cars India by 1-2% and Skoda Auto India by 2-3% from January.