rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Volkswagen may raise price of Polo, Vento by up to 3%

Volkswagen may raise price of Polo, Vento by up to 3%

August 24, 2012 09:02 IST

German auto-major Volkswagen is planning to increase price of its flagship hatchback Polo and mid-size sedan Vento by up to 3 per cent, sources said.

"The company will increase the price of Polo and Vento models by one to three per cent soon," sources said.

When contacted, a company spokesperson declined to comment on hike in prices and said, "We cannot comment on market speculation".

Volkswagen had introduced the Polo and the Vento models in India in 2010 and the two have become the flagship products for the car maker.

The company also sells premium sedan Jetta and luxury sedan Passat, premium SUV Touareg and Beetle in India. The company has a manufacturing facility at Chakan, Maharashtra, with an annual capacity of 1.10 lakh units.

Sales of Volkswagen models declined marginally in June at 5,371 units compared to 5,397 units during the same period of last year.

© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.