Source: SIAM (http://www.siamindia.com/Media/Coverage/ViewMediaCoverage.aspx?id=3393)
Highest Ever Monthly Sales in Oct, Says Volkswagen India Chief
Volkswagen India said on Tuesday that sales in October have shown a 38 per cent growth over the same month last year. The group is also targeting to corner 8 per cent market share by 2014.
Weve had the best ever monthly sales in October this year. The market has recovered and were on a growth track, said Mr Jorg Muller, Group Chief Representative, Volkswagen India. However, he declined to give specific sales figures.
The Volkswagen Group, which includes Skoda, Audi and Lamborghini brands in India, currently enjoys an overall 1.5 per cent market share.
The German automaker is slated to launch its iconic hatchback Beetle next month, followed by the small-car Polo in January next year. The company has also invested Rs 3,600 crore in a new plant in Chakan near Pune which would have a maximum capacity of 1.1 lakh units a year.
This plant started operations in March and aims to achieve full production by 2012.
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