India s car industry has revised its growth projections for the fiscal year to over 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, driven by better-than-expected economic growth, favorable monsoons despite El Nino conditions, and effective monetary policies that helped rein in high inflation without affecting domestic consumption.
Volkswagen to hike car prices from Jan newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.
Volkswagen Passenger Cars India aims to raise prices by up to 2% starting January 1, 2024, citing escalating input and material expenses. Following suit with other manufacturers, Volkswagen will pass on some of these increases to consumers, despite efforts to absorb most of the rising costs. The price hike will affect their range, including models like Virtus and Tiguan, priced between Rs 11.48 lakh and Rs 35.17 lakh.
Volkswagen Passenger Cars India to hike prices by up to 2% from Jan business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Volkswagen Passenger Cars India sells vehicles ranging from mid-sized sedan Virtus to premium SUV Tiguan priced between Rs 11.48 lakh and Rs 35.17 lakh.