Volkswagen, a long-standing but minor player in India's fiercely competitive automotive sector, is now exploring a strategic partnership with the JSW group, aiming to revitalise its market presence, enhance profitability, and potentially establish India as a key export hub for electric vehicles.
Maruti Suzuki India's CFO, Arnab Roy, has urged the central government to introduce an amnesty scheme or an 'as-is' settlement option to resolve past indirect tax disputes, aiming to clear legacy litigation and foster growth in the automotive industry. Roy emphasised the need for a 'smarter way to address the past' to provide long-term certainty for businesses.
'In India's competitive automotive market, staying relevant means continuously raising the bar.'
Volkswagen last year acquired 20 per cent stake in Maruti Suzuki India's parent Suzuki Motor Corp for about $2.5 billion (over Rs 11,500 crore).
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.
The Passat 1.8 L TSI is priced at Rs 19.20 lakh or Rs 1.92 million (ex-showroom New Delhi) while the Jetta 2.0 L diesel Comfortline is priced at Rs 15.92 lakh or Rs 1.59 million (ex-showroom New Delhi).
German carmaker Volkswagen said it has no plans to discontinue the sale of its current generation super luxury sedan Passat in the Indian market.
It is powered by 1.2-litre petrol engine with 'Aero Sport' package.
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 carmaker Volkswagen has deputed Frank Elbe, former German ambassador to India, as a special envoy to represent its interests in the country. \n\n
This would impact Vento, Jetta and Passat sedan cars, Polo hatchback and Polo Cross crossover in India.
The India-EU free trade deal could help Indian-made cars enter Europe at lower costs and challenge Chinese dominance.
'So far our production is not affected. But every day the situation prolongs, it does bring risks in terms of shipments getting delayed.'
Volkswagen sold about 45,000 cars in India in the year to end-March, of which about two-thirds were Polo hatchbacks
Volkswagen launches special edition Vento at Rs 10.42 lakh.
German carmaker Volkswagen will be driving in its two globally acclaimed performance models Golf GTI and Tiguan R-line in India as part of its steps to enhance brand positioning in the country, a senior company official said on Monday.
Volkswagen may also have to compensate customers for misleading them about a car's performance.
Volkswagen can pay $18 billion, over time, and retain its credit rating.
The German carmaker is expanding its lineup of electric cars as it transitions away from the combustion engine.
Scandal-hit German carmaker Volkswagen on Monday said it will recall 1,950 diesel vehicles in China to rectify engine software that cheats on emissions tests.
A deep split has emerged within India's auto industry over the proposed CAFE exemption for small cars, with only Maruti Suzuki and Renault backing the move in the final SIAM vote.
VW had dodged environmental rules for which penalty could run up to more than $18 billion.
Mexico on Thursday imposed a tariff of up to 50 per cent on imports from its non-preferential trade partners, including India, a move that might hit New Delhi's annual $5.75 billion shipments to its third-largest car export market.
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.
The German carmaker will hike prices of its best selling cars in Indiafrom February citing increased inputs costs and changes in the exchange rate.
Volkswagen overtook Toyota as the world's largest carmaker by sales.
For hatchbacks and sedans, offers range between Rs 40,000 and Rs 80,000 while SUVs and multi-purpose vehicles carry benefits exceeding Rs 1 lakh.
Carmaker meets govt; agrees to give evaluation results by Nov-end.
German carmaker Volkswagen plans to invest Rs 1,500 crore in India over the next 6 years on various activities, including local production of engines, as it aims to consolidate position in the country.
Eyeing a revival, CK-GP Birla group's Hindustan Motors Ltd said it expected sales of its flagship 'Ambassador' cars to go up by 50 per cent in the next three years to 18,000 units annually.
MSI said compact sedan Dzire Tour stood out as sales rose by over two-fold during the month under review to 3,370 units as against 1,299 in July 2014.
Fortune magazine recently did a survey to find out the world's most admired companies.
The final blueprint of the multi-crore global tie-up between Volkswagen and Suzuki Motor Corporation has started to unfold, with Maruti Suzuki looking at becoming an original equipment maker in cars for the German automaker for markets outside India.
Volkswagen's Car Towers -- at the theme park Autostadt next to the carmaker's plant in Wolfsburg in Germany -- are transparent cylindrical buildings that rise 150 feet to 490 feet above the ground.
Volkswagen did not name a successor, but said proposals on management appointments would be made to a full board meeting on Friday.
Late on Monday, Volkswagen's U.S. chief Michael Horn said the company had "totally screwed up" and promised to make amends.
Tesla's official entry into the Indian market is expected in the final quarter of the current financial year.
Volkswagen announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand.
Toyota Motor Corp is likely to have retained its position as the world's best-selling carmaker for the first nine months of the year, beating rivals General Motors Co and Volkswagen AG, company figures showed on Monday.
The carmaker was presenting itself as being run by technological diehards obsessed with building the world's best cars.
