Nokia said its net proceeds from the deal would be around 2.55 billion euros (USD 2.78 billion), in line with its original estimate. The deal was initially estimated to close in the first quarter of 2016.
On Monday, Volkswagen group had announced the recall of 3,23,700 vehicles sold in India between 2008 and 2015 across its three brands -- Audi, Skoda and Volkswagen after a government-ordered probe found violations on the part of the company.
ARAI found that Volkswagen violated emission norms in India to the extent of 8-9 times of the current levels, he said, adding that his ministry is referring the matter to Ministry of Road, Transport and Highways (MoRTH) to take action against the company.
Volkswagen Group India will recall cars from Volkswagen, Skoda and Audi brands across various models equipped with the EA 189 engines, it said in a statement late on Tuesday.
Automotive Research Association of India (ARAI) had submitted the preliminary report to the government on October 28. The minister further said, "at the moment, there are no specific norms or limits for measuring on road emissions coming out of cars".
The Indian environment watchdog today issued notices to the German auto giant and the government seeking their response to a petition filed by a school teacher who is seeking a ban on the sale of all Volkswagen group cars in the country till the company has rectified its faulty engines, which violate the emission norms.
South Korea is the first country after the United States to announce measures based on it own testing to address the diesel emissions scandal that has engulfed Europe's biggest auto manufacturer.
"Over the past decade, India's consumer market has generated plenty of interest among investors, most notably the size of the population, prospects for rapid growth in real incomes and better provision of financial services," Shilan Shah, an India economist for Capital Economics, said in a recent note.
"The efforts (needed) to carry out the refits are technically, mechanically and financially manageable," Chief Executive Matthias Mueller said in a speech to managers at the company's Wolfsburg base. "This is a good development."
The recall process is now viable "technically, financially and in terms of manpower. This is good news," chief executive Matthias Mueller said.
Volkswagen has told regulators that emissions issues in larger luxury cars and SUVs extend to an additional 75,000 vehicles dating back to 2009, the Environmental Protection Agency said on Friday.
The Evoque range has been setting benchmarks in the industry since its launch and with the introduction of the 2016 model, we are confident of its continued success, JLR India president Rohit Suri said.
Volkswagen is offering a USD 1,000 credit, of which half is to be spent at VW and Audi dealerships, to US owners of certain diesel models that do not comply with government emissions standards, VW's US subsidiary said.
There were 13,970 new registrations of Volkswagen branded vehicles in October, down 9.84 percent compared with the same month in 2014, The Society of Motor Manufacturers and Traders said in a statement.
Expressing his "irritation" with one of Germany's biggest employers, Transport Minister Alexander Dobrindt said on Wednesday that all current models sold under the VW, Audi, Skoda and Seat brands - with both diesel and petrol engines - would be tested for carbon dioxide and nitrogen dioxide emissions.
The government has found significantly higher variation in some of Volkswagen's and sister brand Audi's diesel cars and has issued it a notice seeking an explanation, Ambuj Sharma, additional secretary in the ministry of heavy industries said.
The move came after another Volkswagen unit, Porsche, halted sales of its Cayenne diesel sport utility vehicles following the new allegations from the Environmental Protection Agency.
"The impact of the matter on India is still being evaluated, and Volkswagen is currently working at full speed to establish further technical facts," a Volkswagen India spokesperson said in an e-mailed response.
Europe's biggest carmaker faces the worst business crisis in its 78-year history after it admitted cheating diesel emissions tests in the United States, with 11 million vehicles affected worldwide.
The announcement came after Volkswagen Australia met with the Australian government and consumer authorities on Friday to discuss the automakers' plans to deal with the issue.
Wolfram Herrle, chief prosecutor in Audi's hometown of Ingolstadt in southern Germany, was quoted as telling the Funke Media group that a preliminary investigation had been launched to see whether to initiate formal proceedings against the company.
The demand slowdown in China and continuing capital expenditure at Jaguar Land Rover Automotive (JLR) will result in negative free operating cash flows and weaker financial ratios for Tata Motors in fiscal 2016 than we previously expected, says Standard & Poor's
The German company also suspended three top engineers as it tried to get to grips with a scandal which has knocked more than a third off its market value, threatens to rock the global car industry and could damage Germany's economy.
Some 1.42 million Audi vehicles with so-called EU5 engines are affected in Western Europe, with 577,000 in Germany and almost 13,000 in the United States, a spokesman for Ingolstadt-based Audi said on Monday.
In India, the company sells a range of models, including premium hatchback Polo, mid-sized sedan Vento and executive sedan Jetta. Another group firm Audi too sells a range of models here.