VW, Toyota may hike car prices

Germany-based Volkswagen and Japanese auto major Toyota are considering increasing the prices of its products to offset impact of the rupee depreciation.

Germany-based Volkswagen and Japanese auto major Toyota are considering increasing the prices of its products to offset impact of the rupee depreciation.

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"We have to increase our prices soon," said Arvind Saxena, MD, Volkswagen Group Sales India Ltd adding that the company "might take a final call around September 10."

Sandeep Singh, CEO, Toyota Kirloskar Motor said that the company which had recently upped the prices of its Fortuner and Camry models by 1% "may have to follow it up" with others such as Innova, Etios and Liva.