Volkswagen started manufacturing operations in India earlier this year at its Chakan plant, rolling out the compact car Polo.
VW kept set aside 6.5 billion euros just to cover the potential costs of recalling and fixing the affected cars.
it will share the platform will Polo.
If Volkswagen's sales were to plunge in North America in the coming months, this would not only have an impact on the company, but on the German economy as a whole.
It isn't yet clear whether Martin Winterkorn knew about the "defeat devices" in certain U.S. cars, notes Olaf Storbeck.
However, the company has claimed its vehicles are 'compliant' with the country's emission norms and that it will 'challenge' the tribunal's order.
After losing market share, the German car maker wants to enter its competitor's turf of compact sedans and SUVs.
The scandal has also rocked the wider car market, with manufacturers fearing a drop in diesel car sales.
Europe's largest carmaker Volkswagen will roll out the Beetle--fondly called the people's car after its maker--on Indian roads by beginning of next month.
If you are looking for a premium hatchback that offers just that bit more than others, your choices could come from the Volkswagen stable.
A quarter of the car sales in China are of electric vehicles; domestic brands command 81% of EV sales in the country.
Born in 1938, the Volkwagen Beetle is still a rage among car lovers.
Volkswagen plans to integrate its Indian facilities, which will help the company contain costs and maintain uninterrupted supply of auto parts.
Wipro was the biggest gainer in the Sensex chart, rising 4.79 per cent, followed by M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India and IndusInd Bank.
Volkswagen told US dealers to halt sales of some 2015 diesel cars.
VW overtook Japan's Toyota in the first half of this year to become the world's biggest carmaker by sales, but is facing a sharp slowdown in its most profitable market, China.
It is powered by 1.2-litre petrol engine with 'Aero Sport' package.
European auto giant Volkswagen Aktiengesellschaft on Tuesday said it has bought 49.9 per cent stake in luxury car maker Porsche AG for 3.9 billion euros ($5.8 billion).
In India, over 13.25 lakh cars have been recalled by various auto companies so far.
The car, which is being rolled out from the company's plant at Chakan, in Maharashtra, comes with 1.6 litre petrol or diesel engine options.
The new 1.6 L Polo comes with a 4-cylinder petrol engine and is paired with a 5-speed manual gear box and is claimed to have a fuel efficiency of 15.96 km/litre.
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
In the US, VW faced penalties of up to $18 billion.
German car maker Volkswagen on Wednesday launched an upgraded version of premium sedan Jetta in India, priced in the range of Rs 13.70-19.43 lakh (ex-showroom Delhi).
Now, it's time for the seventh generation version - the newest, most-loaded and perhaps the best Golf made yet.
Daniel Carder said he's surprised to see such a hullabaloo now, because his team's findings were made public nearly a year and a half ago.
it's the cheapest car in the country to get a dual clutch automatic gearbox, and blends the best of both worlds - it's fast and fun, yet easy and efficient.
Volkswagen said in a statement that the payments were compensation for losses incurred by Andhra Pradesh, following the 'allegedly illegal actions' of former Skoda board member Helmuth Schuster, who resigned on June 15.
German car-maker Volkswagen on Wednesday said it will invest a minimum of Rs 2,000 crore (Rs 20 billion) on its Indian operations by 2013 to ramp up capacity, launch new models and strengthen research activities.
Vento Trendline and Polo Highline sport exciting features that is bound to woo IPL buffs.
The 25-year-old Indian displayed superb putting to lead at the halfway stage of the US $300,000 tournament.
The Minister-president (chief minister) of the German state of Lower Saxony Christian Wulff said on Friday that Volkswagen is setting up its big car manufacturing factory in Pune.
Some new EU cars, including Mercedes, BMW and Peugeot vehicles, were using around 50 percent more fuel than manufacturers claimed.
Post the increase in rates, the Polo will now be cost between Rs 492,000 and Rs 7,08,000, while the Vento will be priced at Rs 732,000-996,000 (ex-showroom, Delhi).
The Jetta looks nothing like its predecessor and it now has more of a coupe-like stance.
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