Volkswagen to use Indian vendors for global small car

Published on Thu, Jun 26, 2008 at 08:49 |  Source : Business Line

Updated at Thu, Jun 26, 2008 at 09:07  

745 Investors following Minda Ind. Share this News with them.
0
0
Share on Tumblr

RELATED NEWS

ALSO READ

New Delhi, June 25

Volkswagen, one of the recent entrants in the race to make compact cars in the country, plans to take advantage of the competence of its Indian small car vendors for global markets from where it would produce a similar model.

Volkswagen has finalised some suppliers and is in discussions with many of the firms for various parts that would go in making its small car, expected to hit the Indian roads by 2009-10.

Domestic auto part firms confirmed that the German car maker has indicated that it would be using the domestic supply base for its compact car to be produced in emerging markets such as Russia and Brazil.

Minda Industries Ltd , which has secured orders worth Rs 50 crore from Volkswagen, would be supplying lamps for the small car in India and Russia.

"We have got orders to supply in India and Russia," said Mr Vivek Jindal, Executive Director, Minda Industries.

contd on page 2...

  

Trending News

Business News

Apple will give out a free app a week; App Store will update
Nifty level to watch is 5,150; Bank Index upside is modest "Nifty level to watch is 5,150; Bank Index upside is modest "

KKR in way of CSK's hat-trick of IPL titles

Rel Comm Q4 Cons Net Revenue Up 5% At `5,310 Cr (QoQ)

The latest earning numbers FIRST on CNBC-TV18
Videos

May 25 2012, 22:26

NHPC posts profit amid capacity addition, delay woes

- in Results Boardroom

Interviews

May 27 2012, 11:52 | Source: CNBC-TV18

Expect to maintain EBIDTA margin ahead: Wockhardt  

May 27 2012, 11:00 | Source: CNBC-TV18

e-commerce market in India: What's in store?  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!