Volkswagen announces price reduction for its Indian lineup

The Interim Budget 2014 sure has brought a relief to car manufacturers and customers alike. While earlier in January companies had announced a price hike in their range in the country, with the announced excise duty cut we are in for some respite. Volkswagen, which offers the Polo, Vento and Jetta in India has announced reduced prices for all its cars here.

Prices for the Volkswagen Polo have been reduced by Rs 18,000-Rs 31,000. For the Vento, prices have been reduced by Rs 14,500-Rs 27,000, while Jetta prices have been reduced by Rs 38,000-Rs 51,000.

In an official statement, Mr. Arvind Saxena, Managing Director, Volkswagen Passenger Cars says, “We welcome the government’s decision to reduce excise duty on cars and we at Volkswagen have decided to pass on the entire benefit to our customers. We hope this move will help improve the market sentiment in the automotive industry.”

The excise benefits will be applicable with immediate effect.