Volkswagen India reports 40% sales decline in February 2014

In January 2014, VW India delivered 3,400 vehicles as compared to 4,600 vehicles sold in January 2013, equating to 26.65% sales decline.

For February 2014, Volkswagen India reports 3100 units sold as compared to 5200 cars sold in February 2013. This equates to 40% sales decline.

volkswagenLast month, Volkswagen announced price reduction on all its carlines. Following the recently announced cut in excise duty in the interim budget, Volkswagen reduced prices of all its cars in the Indian market. 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. Jetta prices have been reduced by Rs 38,000-Rs 51,000.

“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,” said Mr. Arvind Saxena, Managing Director, Volkswagen Passenger Cars.