After Maruti Suzuki & Tata Motors, Volkswagen set to increase prices of all cars

Volkswagen has announced a price hike across its model range. The new prices will come into effect from January 2023. Volkswagen has attributed the price hike to rising commodity prices and upcoming regulatory changes.

In the statement, Volkswagen claimed that it has been absorbing a significant portion of the rising input costs and this price hike will partially offset the impact. The price hike will come into force across India's entire Volkswagen model range.

The German company has six models, excluding the special edition vehicles. The line-up includes Polo, Vento, Taigun, Tiguan, and the new sedan Virtus.  Volkswagen currently has a network of 157 sales touchpoints across 117 cities in India.

Other major manufacturers in the country have also announced a price hike for their line-up. The top manufacturers by volume Maruti Suzuki, Hyundai, and Tata Motors have increased their cars' prices. 

Maruti Suzuki has claimed that its cars will get more expensive from January. However, the price hike will vary in accordance with the model. Maruti has also attributed the price hike to rising input costs as well as the strict regulatory requirements. 

Tata Motors will be increasing the prices of its vehicles across both commercial and passenger vehicles. The revised prices will go into effect from January 2023. Both its ICE vehicles as well as EVs will get dearer. The rise in battery prices will lead to a definitive price hike on the cars.

Hyundai India, the second largest carmaker in the country, has claimed that it will increase prices across its model range from January 2023. Hyundai claims the price hike is due to an increase in input cost. The company won't be burdening the consumer with the entire impact and has decided to absorb a part of the rising costs. 

The price hike is not limited to four-wheelers. The country's biggest two-wheeler manufacturer, TVS Motocorp has also announced a price from January.