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Volkswagen plans to invest over Rs 7,800 crores for six new model developments

January 22, 2018, 05:08 PM IST by Nikhil Puthran
Volkswagen plans to invest over Rs 7,800 crores for six new model developments

India being a vital market for auto manufacturers, there are considerable investments being made towards product developments. This time around, German car manufacturer Volkswagen has announced its plan to invest around 1 billion euros (over ₹ 7,800 crores) in India over the next few years to develop six new models. Reports indicate that it will be three each under Skoda and Volkswagen brands, and will cater mainly to the domestic market.

The new cars will be developed on Volkswagen's MQB-A0 platform. Ashutosh Dixit, Director, Sales, Service and Marketing, Skoda Auto India revealed to the media that the company is working on VW’s MQB-AO platform. He however remained tightlipped about the investment details and new product launch timelines. Reports have also indicated that the VW group has lined up 1 billion euros investment in India for various activities, which includes plans to set up an engineering and development centre, expand production facility at Chakan and to develop new models.

Back in 2017, Skoda CEO Bernhard Maier had said that the launch of the first products based on localized MQB A0 platform in India will coincide with the changing regulations in 2020. More details about the upcoming vehicle will be known in the days to come.

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