The German car manufacturer, Volkswagen India has announced to hike prices by 2.7 per cent effective from February 1st 2014 on its premium hatchback Polo and the Vento.
The company said that the prices have been increased due to the increasing cost of inputs and the rupee depreciation.
Moreover, the company will now offer airbags for the driver and front passenger as standard equipment on the Polo hatchback and the Polo Comfortline version will now be available with an ABS (Anti-lock Braking System) as standard fitment.
Arvind Saxena, managing director, Volkswagen Passenger Cars, Volkswagen Group Sales India Pvt. Ltd, said, “We are proud to be leading the cause of driver safety, and we believe the introduction of airbags as standard fitment across all variants of the Polo is a major step forward in the context of safety. Once again, this step underlines our commitment to producing better cars – and better-equipped cars – for the discerning Indian consumer. Input costs have steadily increased over the last few months, and exchange rate movements have not been favourable.
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 percent hike in our car prices.”