Volkswagen has hinted that it will raise the prices of its vehicles in the Indian market due to rising input costs. The new higher prices will go into effect on October 1st. The price increase will be implemented across Volkswagen India's product portfolio, which includes the Virtus, Taigun, and new Tiguan.
Reason behind Hike
Volkswagen has announced that its vehicles will become more expensive in the Indian market beginning next month. While the company has not revealed the new price list for its vehicles, it has stated that overall pricing will be increased by close to 2% on all models.
The German automaker hinted that it is raising car prices due to higher input costs. "Due to rising input costs, Volkswagen Passenger Cars India will increase prices by up to 2% across its product portfolio beginning October 1st, 2022," the company said in a recent press release.
Volkswagen's newly announced price increase will affect the entire product portfolio in India. Currently, the company sells models like Virtus, Taigun, and New Tiguan.
Volkswagen Virtus price increase
In the short time since its introduction in the Indian market, the VW Virtus has become a popular choice. It is currently offered in two trim levels: Dynamic Line and Performance Line. The prices start at Rs 11.22 lakh and go up to Rs 17.92 lakh (ex-showroom). With a 2% price increase, the Virtus should now start around Rs 11.34 lakh (in October) (ex-showroom).
Volkswagen Taigun price hike
Taigun, like Virtus, is one of the company's newer products that uses the same MQB-IN platform and is part of The Group's India 2.0 strategy. The Taigun SUV is currently priced at Rs 11.39 lakh (ex-showroom), but after the price increase, it is expected to cost more than Rs 11.50 lakh (ex-showroom).
More information on the updated VW price list will be available by the first week of October 2022.
Info Source: Timesnownews