Volkswagen India, the Indian arm of the German automobile manufacturer Volkswagen has announced its plans to invest Rs 800 crore in India with the aim of expanding its operations and introduce new car models.
Now that the Lok Sabha elections in India are done and over, carmakers in India expect the Indian automobile industry to enter into a revival mode and sales to improve. With this in mind, carmakers including Volkswagen will be utilizing fresh investments to power the launch new sedans, compact sports utility vehicles and hatchbacks.
The German automaker has already invested an additional amount of approximately Rs 800 crore in India in the year 2012-13 to set up a new manufacturing plant in Pune, Maharashtra.
The fresh investment will be aimed at implementing further localization of parts and components. The automaker will also be focusing at new model launches and its export operations, stated Mr. Mahesh Kodumudi President and MD Volkswagen India.
