Volkswagen has just announced a price hike of Rs 20,000 on its cars in India starting January 2018 and this figure varies from model to model. The company is not the only one to raise the prices of its vehicles as FCA too recently announced that the Jeep Compass will be dearer by 2 to 4 percent from January in comparison to its previous price tag. Tata Motors also announced that its car models will get expensive in India with the onset of the year 2018. In contrary to this price hike, earlier, manufacturers like Maruti Suzuki, Honda, Hyundai and Mahindra slashed the prices of their vehicles and also rolled out attractive schemes and free insurance to extract maximum sales. This is done in order to clear the older year stocks as customers would want to buy a car with a fresh year on the registration papers by simply waiting one more month. However, when Express Drives spoke to dealers in Delhi NCR, a few of them gave the option of car purchase along with year-end benefits in December end and get the vehicle registered in January 2018. In this way, a customer can get the benefit in both ways.
Commenting on the increase in price, Steffen Knapp, Director, Volkswagen Passenger Cars said, “The price increase is essential on account of several external economic factors as well as fluctuations in the global commodity price and local input cost and is in line with industry. The impact will be across the product range in India.”
In other news, Volkswagen has just teased the next-generation Jetta ahead of its debut at North American International Auto Show early next year. The new Volkswagen Jetta has been built on a new MQB platform that is believed to be a high improvement over the existing PQ35 platform. The engine options driving the new Jetta are not confirmed at the moment. It is rumoured that the car will receive a 2.0-litre diesel engine along with two petrol engines having1.5-litre and 2.0-litre displacements. The India launch of the new 2018 Volkswagen Jetta is not confirmed at the moment.