Automobile
Volkswagen, Hero Motocorp announce price hike of their vehicles from January 2022
After multiple companies announcing price hike, more manufacturers have now announced price hike from January 2022 to offset the impact of rising input cost. The latest to join the list of automakers announcing prike hike is the country’s largest two-wheeler maker Hero MotoCorp and German carmaker Volkswagen. Earlier, companies like Maruti Suzuki India, Tata Motors, Toyota Kirloskar Motor, Honda Cars, Skoda and Audi have indicated to increase vehicle prices from next month.
Hero Motocorp, on Thursday said it will increase prices of its entire model range by up to Rs 2,000 from January 4, 2022 in order to offset the impact of rise in input cost. The company will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from January 4, 2022, Hero MotoCorp said in a statement.
The price revision has been necessitated to partially offset the impact of steadily increasing commodity prices, it added. “The price revision will be up to Rs 2,000 and the exact quantum of increase will depend on the model and the market,” the two-wheeler maker stated.
Similarly, Volkswagen Passenger Cars India announced that it will hike the prices of Polo, Vento and Taigun from January 1, 2022 owing to the rising input and operational costs. The price revision will be ranging from 2-5 per cent depending on the carline and the variant, it said. Price hike will not be applicable to the new Tiguan, which was launched in India recently, it added.
“Our effort over the years has been to make our brand, products and services more accessible and establish Volkswagen as the brand of choice amongst our customers. Due to the substantial increase in the input and operational costs, we have decided to hike the prices of our product offering ranging from 2-5 per cent and keeping the impact on customers at a minimal level,” Volkswagen Passenger Cars India Brand Director Ashish Gupta noted.
There has been a steady increase in prices of raw materials like steel, aluminum, copper, and precious metals over the last year prompting automobile manufacturers to raise model prices.
Hyundai India launched the much-awaited Creta Knight Edition in the country at a starting price of Rs 13.51 lakh (ex-showroom, all-India). This new variant is available in both petrol and diesel engine options and can be had either with a manual or an automatic transmission unit. To read more about the Creta Knight Edition, click here. In addition to this, the company has also introduced a model-year update for the Hyundai Creta with new feature additions.
The 2022 Hyundai Creta is now available in a new Denim Blue colour option and the Highline TPMS is now standard across all variants. The SX (O) trim now also gets a glossy black centre console. Furthermore, the company will offer the iMT option on the 1.5-litre petrol ‘S’ variant to further expand choices for the customers. The new S+ variant powered by a 1.4-litre T-GDi petrol engine with 7DCT now gets an additional set of features, such as –
– Smart panoramic sunroof
– 16-inch black alloy wheels
– Smartphone wireless charger
– Rear Disc Brakes
– Electronic Stability Control (ESC)
– Vehicle Stability Management (VSM)
– Hill start assist control (HAC)
– Paddle shifters
– Metal pedals
– Electric and auto-folding ORVMs
– Power window auto up/down
Mechanically, the SUV continues to be powered by the existing petrol and diesel engine options.
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