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).
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.
The Central Bureau of Investigation has arrested Ashok Jain, chief advisor to Volkswagen India project, in connection with the Rs 11.7 crore Volkswagen (Rs 117 million) scam in Andhra Pradesh.
The controversy came to public attention last week after Volkswagen acknowledged it had deliberately deceived officials about how much its diesel cars polluted.
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.
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).
For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
However, the company has not revealed the financial details of the deal.
South Korea is the first country after the US to announce measures.
The German company has invested Rs 720 crore to make this sub-4 meter car
Exports in October and November fell 28 per cent and 17 per cent, respectively.
Volkswagen faces paying out billions of dollars in fines and compensation after it admitted rigging tests on some of its diesel cars to make them appear cleaner.
Volkswagen is looking at ways to cut costs and boost cash flow.
German car-maker Volkswagen on Thursday said it will increase its vehicle prices by up to 2.5 per cent in India from next month in order to offset impact of high input costs.
Volkswagen AG will probably have to show there was some legitimate reason to install software that led to false vehicle emissions tests.
Just a day after Volkswagen alleged the Japanese company had infringed an agreement by purchasing diesel engines from Fiat for its plant in Hungary, Suzuki demanded Volkswagen offload its 19.89 per cent holding in it.
Of the 15 car manufacturing companies in India, eight have a market share of below 2 per cent, raising questions about their long-term future in a competitive market that has already seen Ford Motors and General Motors slam the door on India.
Volkswagen can pay $18 billion, over time, and retain its credit rating.
Volkswagen India has shown some interest in getting the Golf to India as well, albeit as a premium hatch. The time to start saving for that GTI begins now!
By 2018, the group, as a whole, were intending to capture 20 per cent of the passenger car market in India.
The carmaker was presenting itself as being run by technological diehards obsessed with building the world's best cars.
The manufacturer of some of the most iconic brands is now doing a course correction.
Volkswagen Group is planning to launch a crossover Sports Utility vehicle called Volkswagen Rocktan soon in India.
Volkswagen plans to cut investments by 1 billion euros a year at its core division.
Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday. The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts. Union Road Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.
olkswagen on Wednesday launched a petrol variant of its premium hatchback Cross Polo in India, priced at Rs 7,07,000.
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.
Law firm Maurice Blackburn will launch a class action lawsuit on Thursday on behalf of Australian owners of scam-tainted Volkswagen AG seeking total damages "well north" of A$100 million ($71.59 million).
Volkswagen launches special edition Vento at Rs 10.42 lakh.
New Volkswagen Chief Executive Matthias Mueller warned staff on Tuesday to brace for "massive cutbacks" in response to the diesel emissions scandal that has hammered the company's stock and reputation.
Governments encouraged motorists to switch to diesel in the belief that its superior fuel economy would outweigh the higher pollutants per litre burned.
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.
The company will sell both VW and non-VW branded cars under the pre-owned car business, Volkswagen Group Sales India Member of Board and Director Neeraj Garg told reporters in New Delhi.
Commonly known as the Bug, the Beetle would hit the Indian market in the middle of this year, Volkswagen managing director, passenger car division, Adreas Prinz told PTI.
It is definitely the heaviest in its class, which is likely to make in-city commutes a tad troublesome
The compact SUV has better features to Polo hatch.
