A significant part of the investment will be used to launch new models and strengthen research activities. The German carmaker is also planning to launch its small hatchback 'Up' in the Indian market by somewhere between 2013 and 2014. The company said that the latest investment will be supplementary to €580 million that it had announced in 2008.
Volkswagen Group chief representative India, John Chacko, was quoted as saying by PTI that the company has plans for investing at least 20 billion rupees ($378 million) by 2013 and which will be used by the entire group. “There are huge opportunities to expand in India and this amount will cater to ramping up our production capacity, introducing new models and enhancing our R&D work here,” Chacko said.
The VW Group, which includes in India the Volkswagen, Audi and Skoda, has two manufacturing facility at Chakan and Aurangabad in Maharashtra, India.
