Volkswagen to hike prices by January 2014

Volkswagen is the latest car manufacturer to increase prices of its entire line-up. The carmaker's offerings will get dearer by up to 2.5 percent from January 1, 2014 onwards. Once again the reason given is the unavoidable rise in input costs which increases prices of components, thereby making cars more expensive to manufacture.

"We have been faced with constant rise in input cost over the past several months and have tried our best to absorb it. However, in order to maintain our quality standards that our customer expects from us, we have had to increase the price by a small percentage," said Arvind Saxena, managing director, Volkswagen Passenger Cars.

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