Volkswagen Hikes Prices: Automobile company Volkswagen India has announced to increase the prices of its vehicles. The company has increased the prices of Taigun and Tiguan models by up to 4 percent. This hike has come into effect from May 2 with immediate effect. The company says that due to the increase in input cost, Volkswagen India has had to take a decision to increase the price.
Taigun and Tiguan prices hiked
Volkswagen India has said in its statement that due to rising commodity prices, the input cost for the company has increased. Therefore, reviewing the prices of the vehicles, the company has decided to increase the prices of Taigun and Tiguan vehicles by 2.5 to 4 percent. The prices have been increased on the basis of the variants of the vehicles. Volkswagen has added new features to its vehicle Taigun.
Domestic automobile companies have also increased prices
Earlier, Mahindra & Mahindra and Maruti Suzuki had also made their vehicles expensive in the month of April. Mahindra increased the prices of vehicles from Rs 10,000 to Rs 63,000 from April 14, 2022, and from April 18, Maruti Suzuki increased the prices of vehicles by 1.3 percent. The company has increased the prices of vehicles for the fifth time since January 2021 due to increase in input cost.
Due to increase in cost, the decision to increase the price
In fact, due to the Russia-Ukraine war, the price of fuel has increased in the same way from steel, aluminum. There has been a huge increase in the prices of many commodities including Palladium, due to which the prices of vehicles have increased. Companies say that due to the increase in input cost, the cost of vehicles has been greatly affected. Therefore, by increasing the prices, it has become necessary to pass some part of it to the customers.
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