Starting with the new year, we had already announced that most of the car makers would hike the prices of their cars citing reasons about the increase in price of steel and other raw materials. Guess what! We were absolutely right about this. The first one to take a plunge is the aspiring world’s number 1 car maker, Volkswagen Group. Their Indian subsidiary, Volkswagen India have already hiked the price of their hatch back, the Volkswagen Polo in India. The price increase is to the tune of 3%. As of November 2010, approximately 17,000 units of the Volkswagen Polo are already on the Indian roads. The much capable hatch is already experiencing a 3-4 months waiting period. After this, other car manufacturers would be sure to follow suit and hike the price of their cars.