Volkswagen may raise price of Polo, Vento by up to 3%

German auto-major Volkswagen is planning to increase price of its flagship hatchback Polo and mid-size sedan Vento by up to 3% sources said.

"The company will increase the price of Polo and Vento models by one to three per cent soon," sources told PTI. When contacted, a company spokesperson declined to comment on hike in prices and said, "We cannot comment on market speculation". Volkswagen had introduced the Polo and the Vento models in India in 2010 and the two have become the flagship products for the car maker.

The company also sells premium sedan Jetta and luxury sedan Passat, premium SUV Touareg and Beetle in India. The company has a manufacturing facility at Chakan, Maharashtra, with an annual capacity of 1.10 lakh units. Sales of Volkswagen models declined marginally in June at 5,371 units compared to 5,397 units during the same period of last year.