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.
Skoda Auto Volkswagen India has filed a case against tax authorities over the Rs 11,000 crore (about USD 1.4 billion) show cause notice for alleged customs duty fraud related to the import of cars as completely knocked down units.
VW was to invest Rs 1,000 cr, now sceptical about cost advantage
Volkswagen Passenger Cars is targeting a volume sales growth of about 15 per cent in the country in 2024, even as it expects the Indian passenger vehicle (PV) industry to grow by 5-7 per cent in the current year, its India brand director, Ashish Gupta, said on Thursday. This means the company is expecting to grow 2-3 times faster than the Indian PV industry in 2024. But globally, the German automaker is expecting just 3 per cent rise in sales this year, down from 12 per cent last year.
'Approach people with respect, mindful that they know their job better than you do, and that you're not superior to them just because you may be better educated or their boss.' Skoda Auto VW India MD Gurpratap S Boparai cites his management credo to Pavan Lall.
Expanding the compensation programme could add 80,000 vehicles and $80 million.
SkodaAuto, which was the first VW group firm to enter the domestic market about a decade ago, also intends to become more affordable in the long-term, enabling it to enter more segments.
The German group has set aside 6.5 billion euros ($7.3 billion) to help cover the costs of the crisis and said that 11 million of its cars could be affected worldwide.
Suzuki Motor Corporation (SMC) on Friday said it has terminated the partnership pact with Volkswagen AG (VW) after two years of unsuccessful attempts to gain access to technology from the German firm.
The factory, inaugurated on Tuesday, will initially build Skoda Auto AS's Fabia hatchbacks from May before beginning production of a hatchback version of Volkswagen Polo in 2010. With this, VW becomes the last of the world's biggest auto manufacturers to mark its foray into India through a full production facility.
Volkswagen is lowering group financial targets for this year after setting aside about 6.5 billion euros ($7.27 billion) in provisions this quarter.
Skoda Auto is considering shifting the production of the Fabia, its compact hatchback, to parent company Volkswagen's Chakan plant in Pune. At present, Skoda is manufacturing cars at its Aurangabad plant. The surge in demand has pushed the waiting period for the car to more than 2 months.
The Alto received this title in 2010 and retained it for the following year as well, however in 2012, the top spot was stolen by VW Gol which is a sort of Brazil's Alto.
Gear up for the most powerful hatch in the country until Fiat gets its Punto Abarth.
VW India has launched the Polo facelift in the country with prices starting at Rs 499,000.
Volkswagen is looking to dislodge Honda's dominance in the premium mid-size segment in India, with the launch of a new executive sedan in the second half of this year.
The big feature is the introduction of the 1.5-litre four-cylinder diesel engine.
The German carmaker will not introduce all-new models in 2013. Plans to launch such variants too keep sales going.
Volkswagen's emissions scandal is fueling investor fears about the environment.
Jagdeesh Raja, when chosen to partner Volkswagen of Germany in its Indian venture, Vashishta Wahan, saw it as the biggest break of his career. Today, it's all in a shambles.
German automotive giant Volkswagen (VW) has said it will focus on the premium sedan/sport utility vehicle (SUV) segment and avoid the mass hatchback segment. "Customers don't expect anything less than a premium product from VW. "Customers expect a certain level of quality and driving dynamics. We have to stay true to that DNA. "The day we go mass, customers will reject us," says Ashish Gupta, brand director, VW India.
The company said it would appoint a US law firm to conduct a full investigation
The German car maker has the best engine along with great driving dynamics.
VW cheating a 'well thought-out crime', diesel cars under lens
The company faces fine of up to $18 billion in the US.
The Virtus is indeed designed to look, act and behave like a well-built European sedan that swims in the segment between the compact sedan VW Vento and the larger Passat, says Pavan Lall.
Red Bull were talking to Volkswagen about a Formula One partnership before a diesel emissions scandal seemingly scuppered plans, team boss Christian Horner said on Friday.
Volkswagen's premium brands Audi and Porsche will join Formula One after convincing the German automaking group that the move will bring in more money than it will cost, VW Chief Executive Herbert Diess said on Monday.
Through a combination of local manufacture and imported CBU models, the company makes and sells four SUVs, one hatchback, and one sedan.
It offers all-round blend of performance, comfort and convenience with excellent build quality.
There is another common trend among these three players - they are all registering a volume decline in a market that is expanding at over 8 per cent
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
German automobile giant Volkswagen Group has found in John Chacko a natural successor to Joerg Mueller as the new chief representative for India as well as president & managing director, Volkswagen India. The 58-year-old BTech from Indian Institute of Technology-Madras (Class of '73) has been a part of the Volkswagen Group since 1978.
The price of the Polo GT may be hiked by around Rs 15,000
Volkswagen's new SUV is set to lock horns with half a dozen rivals, says Pavan Lall.
Industry experts said the scandal could hit VW hard, just as it was emerging from a damaging leadership battle.
In the US, VW faced penalties of up to $18 billion.
Major carmakers, including Maruti Suzuki, Hyundai, Tata Motors on Friday reported growth in their passenger vehicle sales in June as semiconductor shortage woes showed gradual signs of easing out. Other manufacturers, Kia India, MG Motor India and Skoda Auto India also reported robust sales growth last month. Maruti Suzuki India (MSI) reported 5.7 per cent increase in total wholesales at 1,55,857 units in June as compared to 1,47,368 units to dealers in June 2021.
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