Sales head Christian Dahlheim said on December 14 that "we are confident" 2018 will end with a figure slightly above the previous record from 2017, when the company sold 10.74 million vehicles.
Car safety watchdog, Global NCAP conducted crash safety tests on Indian cars and these vehicles passed the inspection in flying colours.
The company currently sells a range of vehicles starting from hatchback Polo to premium sedan Passat with prices ranging from Rs 5.55 lakh to Rs 32.99 lakh.
The German car giant has announced that its core brand will develop its final generation of vehicles using combustion engine technology in 2026.
Volkswagen will not develop any new petrol or diesel (fossil fuels) engine models after 2026
The move underscores just how serious the automaker is about closing the gap with Asian competitors and US tech giant Tesla who have had a head start in the e-car race.
VW CEO Herbert Diess said the company was also "considering building a second car plant" in the United States, adding, "We are in quite advanced negotiations and dialog with Ford Corporation to really build up a global automotive alliance, which also would strengthen the American automotive industry."
Overall, the company's total projected expenditure for the next five years amounts to 40 billion euros, the company said in a statement. It also plans restructuring measures that will generate 1 billion in earnings uplift already in 2018.
Lawyers for the investors had estimated that the maximum they could have recovered was $147 million.
Scott Keogh, the newly appointed CEO of Volkswagen Group of America, said a new plant was needed to build a vehicle yet to be revealed under the Volkswagen brand, priced between $30,000-$40,000, that is due in 2020.
In a statement Friday, Volkswagen said it expects an appeals court to overturn the verdict issued last week by judges in the southern German city of Augsburg.
The Tribunal's November 16 order, uploaded on November 19, said the amount has been fixed having regard to the capacity of the enterprise and possible adverse impact on the environment.
The restructuring of the Volkswagen Group companies in India is planned for next year, subject to regulatory approvals, the statement added.
Volkswagen's "electric offensive" underscores just how serious the automaker is about closing the gap with Asian competitors and US tech giant Tesla who have had a head start in the e-car race.
The green panel directed the committee to submit the report within a month and asked the company and the petitioner in the case to appear before the panel within seven days with their contentions.
Volkswagen's supervisory board is scheduled to meet on Thursday to review a 10-year strategic plan by Chief Executive Herbert Diess that is expected to propose using alliances with rivals to cut development costs for electric and autonomous vehicles and potentially other types of vehicles.
VW and other carmakers are struggling to adapt quickly enough to stringent rules introduced after the carmaker was found to have cheated diesel emissions tests, with its chief executive Herbert Diess warning last month that Germany's auto industry faces extinction.
Manager Magazin had reported that German car-makers Daimler and Volkswagen were prepared to fully cover the costs of the retrofits, which would reduce emissions to within permitted limits.
The German and US automakers are expected to provide an update on the progress of the talks before year end, said the person, who asked not to be identified.
July to September saw no repeat of a payout in the billions the firm had to make over its "dieselgate" emissions cheating scandal in the same period last year, although it was weighed down by new tougher air pollution tests for cars introduced following the revelations.
At 4.11 metres in length, the T Cross is Volkswagen's smallest SUV and its fourth overall after the Tiguan, T-Roc and Toureg
VW will offer an incentive for customers who agree to scrap diesel vehicles equipped with older euro 1 to euro 4 engines, the carmaker said.
"Audi AG has accepted the fine" investigators levied for "deviations from regulatory requirements in certain V6 and V8 diesel aggregates and diesel vehicles", the group said in a statement, adding that "the fine will directly affect Volkswagen AG's financial earnings" for 2018.
If ministers aimed to slash carbon dioxide (CO2) output by 40 percent between 2020 and 2030, "around a quarter of the jobs in our factories would have to go in the space of 10 years -- a total of 100,000 posts," Diess told daily Sueddeutsche Zeitung.
The German behemoth had announced in July 2017 that it would begin selling its own-brand cars in Iran for the first time in 17 years.