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VW to hike Vento diesel variant price by Rs 20,000

Source: PTI
June 06, 2011 14:42 IST

Car maker Volkswagen India on Monday said it will hike the prices of the diesel variant of its mid-sized sedan Vento by 2.2 per cent from July 1 to offset higher input costs.

The petrol variant, however, will see no increase in price, the company said in a statement.

Currently, the diesel variant is available at a price range between Rs 799,000 and Rs 924,000 (ex-showroom, Delhi), while the petrol version in tagged at a range of Rs 699,000 to Rs 922,000 (ex-showroom, Delhi).

"... We have seen no relent in the input costs over several months now, which has forced us to increase the cost of the Vento," Volkswagen Group Sales India Pvt Ltd member of board & director, Volkswagen passenger cars, Neeraj Garg, said.

"On the other hand we are fully aware that customers who prefer the petrol variants are already faced with the burden of increased fuel costs and therefore we have decided to continue absorbing the additional costs for our petrol variants," he added.

The company said all customers who book the Vento diesel variant until June 30, 2011, will be able to avail the car without the price increase.

VW India further said it would offer a reduced interest rate of 6.99 per cent starting June, 2011, on select variants of the Vento petrol version.

Launched in September, 2010, the Vento has sold 23,649 units as of May, 2011.

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