Business EconomyPosted at: Dec 7 2018 7:41PM

Mumbai, Dec 7 (UNI) European car manufacturer Volkswagen on Friday announced an upward revision of up to 3 per cent in the prices of its product range with effect from January 2019.

Volkswagen Passenger Cars Director Steffen Knapp says, "Over the last few months, we have been facing several fluctuations within the economy particularly the rise in input costs. At Volkswagen, we have tried our best to absorb the increasing costs but in order to maintain quality standards that a Volkswagen customer expects, this is an essential move. A diminutive percentage increase will assist the company in restoring equilibrium for the upcoming months."
Following the dynamic changes within the economy and rising input costs followed by a depreciating rupee, there has been a foreseen requirement to increase prices in the passenger vehicle segment.
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