New Delhi. In response to rising input costs, Volkswagen Passenger Cars India today said that the prices of its flagship models – Polo and Vento – have been hiked with effect from September 1, 2021. The prices of the Polo and Vento models will see a hike of up to 3% and 2% respectively. The price hike will not be applicable on the GT variant of the Polo Carline. Customers who have booked their vehicles till August 31, 2021, have been kept away from the hiked prices due to Volkswagen’s commitments.
Speaking at the 61st SIAM Annual Conference recently, Maruti Suzuki India President R.C. Bhargava said that high taxation as well as road levy of the state government have affected the cost and sales of passenger vehicles. According to Bhargava, due to the high cost of cars, it is becoming difficult for people to buy them.
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“The citizens of this country are in dire need of automobiles. However, since the last 18 months, the industry is growing at a very slow pace. According to Bhargava, to revive this sector, the government and industry should work together.
On Wednesday, SIAM President and Maruti Suzuki Managing Director and CEO Kenichi Ayukawa said, “The growth rate of the automobile industry has slowed down over the last 5 to 10 years even before the arrival of Covid in India”. Speaking at the 61st SIAM Annual Conference, Ayukawa highlighted this and said that, after the arrival of Kovid, the industry has got very negative growth, due to which this industry has gone back a few years in growth rate.
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Apart from this, he said that the industry is also facing many small and mid-level challenges. According to Ayukawa, risks related to the pandemic, global shortage of semiconductors and rising commodity prices, among other things, are among the main concerns of the industry. “To overcome these challenges and put the industry back on the path of growth, there is a need for focused action through some key supporters”.
He also cited proponents like increasing localization to help move the industry closer to the ‘self-reliant India’ agenda. In this regard, Ayukawa said that SIAM and ACMA together have prepared a ‘Localization Roadmap’ with a target of about 15-20 percent more localization in the next 2 to 5 years. Ayukawa also told the convention that the automotive sector is also focusing on new powertrain technology.
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