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Volkswagen’ Pune Facility Starts Euro1bn Investment

Fiinews by Fiinews
January 21, 2019
in Investment, Manufacturing, Technology
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First Skoda SUV by 2020

 

Volkswagen.

Volkswagen has opened a facility in Pune, a first step in the German Group’s Euro1 billion (Rs.7,900 crore) to make cars for the Indian market.

The R&D facility, opened on 19 Jan 2019, calls for Rs.2,000crore investment to increase local content in made in India cars.

It will focus on designing products for the Indian customers.

The facility is expected to roll out Skoda and Volkswagen models, starting with mid-size SUV, in 2020-21.

Plans are to showcase first Skoda SUV model at the Auto Expo in Greater Noida in 2020.

Volkswagen target is to produce 1.8-1.9 lakh units at peak in 2020-21, according to industry reports. fiinews.com

Tags: Volkswagen
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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