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The company has announced a price hike of all its cars up to ₹20,000, effective from January 2018.
The company has cited similar reasons as other carmakers who have also raised their prices. “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,” said Steffen Knapp, the director for Volkswagen Passenger Cars India.
Skoda, Isuzu, Toyota and Tata Motors have also raised prices of their cars.
India's largest two-wheeler maker, Hero MotoCorp, is setting its sights on digital sales. The company currently generates around 10% of its sales through digital channels, but it plans to increase that to 30% by 2030.
Read MorePlatform for Finance, Network, and Technology ChargeUp announced on Wednesday the launch of the country's first solar-powered battery switching facility for electric vehicles. Beniwal Kanta, Chungi Circle, Ramgarh Mod, Jaipur is the location of the station. The pilot initiative intends to metaphorically transform the Pink City into a Green one. Its purpose is to make battery charging possible without relying on existing energy sources.
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