Volkswagen has announced an increase in the price of the Polo. Starting January 1, 2011 the will witness a hike starting at 2.9%. Customers, who book the Polo until December 31, 2010, will be able to avail the car at the present prices. The Polo was launched in India in March 2010 and has already sold more than 17,000 units as of November 2010. Manufactured in Volkswagen’s plant in Chakan, the Polo is the first locally made Volkswagen model to be launched by the European automobile major in India.

“We have been faced with constant rise in input cost over the past several months and have tried our best to absorb it. However, in order to continue to maintain our quality standards that our customers expect from us we have had to increase the price by a small percentage,” Mr. Neeraj Garg, member of Board & Director, Volkswagen Group India said.