Indian car major Maruti's Japanese parent Suzuki on Wednesday said it will sell 19.9 per cent stake to Germany's Volkswagen for about $2.5 billion (about Rs 11,500 crore).
Compact sedans (Maruti Dzire, Hyundai Aura, Tata Tigor)' share in the overall sedan category grew from 68% in 2021 to 74.6% in 2024. Mid-sedans' (Honda City, Maruti Ciaz, Volkswagen Virtus) share declined from 26.2% in 2021 to 20.2%.
However, the company has not revealed the financial details of the deal.
The Ameo brings the best of both worlds in a single package as a value for money purchase for the Indian family at an incredible price point.
olkswagen on Wednesday launched a petrol variant of its premium hatchback Cross Polo in India, priced at Rs 7,07,000.
Volkswagen Group is planning to launch a crossover Sports Utility vehicle called Volkswagen Rocktan soon in India.
A visiting official of Volkswagen, Europe's largest automobiles manufacturer, has told the Tamil Nadu chief minister that Chennai is one of the most likely locations for the company's manufacturing plant.
Volkswagen launches special edition Vento at Rs 10.42 lakh.
The car promises to offer oodles of performance and fun, but at a price. Is it worth all that money? Indian automobile website MotorBeam finds out.
it will share the platform will Polo.
Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data by industry body SIAM. The total passenger vehicle (PV) exports stood at 5,77,875 units in 2021-22 fiscal, as compared to 4,04,397 units in 2020-21. Passenger car shipments saw 42 per cent growth at 3,74,986 units, while utility vehicle exports rose 46 per cent at 2,01,036 units during the last fiscal, the data by the Society of Indian Automobile Manufacturers (SIAM) showed.
Volkswagen plans to integrate its Indian facilities, which will help the company contain costs and maintain uninterrupted supply of auto parts.
Loan approval marks EIB's first direct exposure to a plant in India.
Governments encouraged motorists to switch to diesel in the belief that its superior fuel economy would outweigh the higher pollutants per litre burned.
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 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.
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'.
After losing market share, the German car maker wants to enter its competitor's turf of compact sedans and SUVs.
Indian businessmen and executives may not yet be the most meticulous executioners of management principles in the world. But when it comes to keeping the Gods and lady luck happy, they leave no stone unturned.
It is definitely the heaviest in its class, which is likely to make in-city commutes a tad troublesome
The VW cars are well known in the country's car market for having sturdy body structures, which are combined with powerful fuel efficient engines and abundant comfort and safety features.
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.
Volkwagen tells dealers in India to stop delivery of Polo
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).
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.
Vento Trendline and Polo Highline sport exciting features that is bound to woo IPL buffs.
German auto-major Volkswagen is planning to increase price of its flagship hatchback Polo and mid-size sedan Vento by up to 3 per cent, sources said.
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
The company has not officially disclosed the prices yet, but industry insiders say the car will be available in the range of Rs 19-20 lakh (Rs 1.9-2 million), even for the basic variant. The company sells the Beetle in five variants internationally, across Europe, the US and other countries.
The German carmaker will hike prices of its best selling cars in Indiafrom February citing increased inputs costs and changes in the exchange rate.
Apollo Tyre's vice-chairman and joint managing director Neeraj R S Kanwar speaks about the company's global foray and its plans to compete with global majors who're slowly increasing their share of the local market as well
koda Auto India is set to drive in a new car by the first half of next year to reach its target of 100,000 unit annual sales in the country by 2026. The compact sports utility vehicle (SUV) will be positioned against the likes of Maruti Brezza, Hyundai Venue, and Kia Sonet, and would be competitively priced, a senior company official said. koda will also export the car to right-hand-drive markets like Australia, New Zealand and the Asean nations.
Saxena, who has been working in Hyundai since 2006, is likely to join Volkswagen's Indian operations, sources said.
