Cars in India | Autoportal.com
Select City
Assured Benefits worth upto Rs. 33,000/- *
100% Refundable Booking Amount
Easy Cancellation Process

Volkswagen Group draws an investment of 100m euros in India

Snapshot: The German automaker hopes to achieve a “high single digit” market share in India by 2020.

Volkswagen Group has released an official statement, detailing its plans to invest about 100 million euros or Rs 800 crore approximately into the Indian market, in order to expand its product portfolio in the country and also to further localise its production operations. The Group’s expansion plan comprises of a new sedan, compact SUV and a hatchback. 

“At present, an investment of approximately 100 million euros is in the decision process for new models and for further localisation of parts and components.” Volkswagen India president and managing director Mahesh Kodumudi said. While, Kodumudi did not divulge the timeline for the investment, he said “further large investments will accompany decisions for further new models for the Indian and the export markets.” 

The German automaker is considering vehicles in the compact sedan, compact hatchback and in the mini-SUV segment - all of which, are the fastest growing segments in the country. Volkswagen Group is hoping to achieve a “high single digit” market share in India before the end of 2020.  

Volkswagen India on the other hand, is getting ready to roll out the Vento and Polo facelifts in the Indian market, while also considering the re-launch of Passat in the country. 

Related car news

  • Volkswagen Tiguan seen in India without camouflage prior to its official release 23-12-2016 Autoportal Team Volkswagen Tiguan seen in India without camouflage prior ...
  • Volkswagen to raise Price by up to 3% 16-12-2016 Davender Soni Volkswagen to raise Price by up to 3%
  • Volkswagen Arteon spied, to be released in 2018 07-12-2016 Autoportal Team Volkswagen Arteon spied, to be released in 2018
  • Volkswagen Introduces Crest Collection for Ameo, Polo & Vento 05-12-2016 Davender Soni Volkswagen Introduces Crest Collection for Ameo, Polo & V...
  • Volkswagen registers 107% growth in November 2016 01-12-2016 Davender Soni Volkswagen registers 107% growth in November 2016
  • Volkswagen Polo and Vento to come with Satandardised Dual Airbag and ABS 29-11-2016 Davender Soni Volkswagen Polo and Vento to come with Satandardised Dual...


Helpline