Volkswagen will increase investments in India by 40%
Published on Fri, Apr 04, 2008 at 08:35 | Source : Business Line
Updated at Fri, Apr 04, 2008 at 09:01
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Volkswagen will increase investments in India by 40%
German auto group Volkswagen AG is increasing its spend in India by around 40 per cent, and will now invest €580 million against the €411 million announced earlier in its plant coming up at Chakan near Pune.
German auto group Volkswagen AG is increasing its spend in India by around 40 per cent, and will now invest €580 million against the €411 million announced earlier in its plant coming up at Chakan near Pune. It is also setting up a vendor park on a third of the 575-acre plot area where suppliers can lease space, and is in the midst of a tender process for a developer.
Calling its investment the largest by any German company in the country, Mr Joerg Mueller, President and Managing Director, VW India Pvt Ltd, said that the biggest growth will come with the VW brand. "We can import, assemble (from knocked down units) and produce cars with the complete range - press, body and paint shops to assembly," he said.
Calling its investment the largest by any German company in the country, Mr Joerg Mueller, President and Managing Director, VW India Pvt Ltd, said that the biggest growth will come with the VW brand. "We can import, assemble (from knocked down units) and produce cars with the complete range - press, body and paint shops to assembly," he said.
