While Porsche India has issued public notices stating that Volkswagen Group Sales India is the sole importer of Porsche vehicles and asking customers not to deal with any other entities, Precision Cars India is contesting it saying Porsche's act was a breach of contract.
olkswagen on Wednesday launched a petrol variant of its premium hatchback Cross Polo in India, priced at Rs 7,07,000.
Amid a rush of sport utility vehicle sales, Volkswagen is betting on its premium mid-sized sedan - the Virtus - to gain market share in India. The Volkswagen Virtus is the second product under the India 2.0 project being developed on the MQB-A0 IN platform, with up to 95 per cent localisation levels. In February, the company registered an 84 per cent year-on-year growth in sales, primarily driving on the Taigun it launched last year.
Volkswagen, the largest European car maker, sells the Polo, Vento, Jetta, Passat and the Touareg in the domestic market.
India's automobile market is expected to register a slower growth between 12-14 per cent in the current calendar year, as compared to 30 per cent in 2010, an industry official said on Thursday.
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.
By 2018, the group, as a whole, were intending to capture 20 per cent of the passenger car market in India.
Phaeton is built at Volkswagens Glass factory at Dresden in Germany where a customer can see his or her car being assembled from the stage of choosing chassis.
Volkswagen launches special edition Vento at Rs 10.42 lakh.
Fair trade regulator CCI has rejected allegations against Volkswagen.
Under its India 2.0 plan, the Volkswagen group will develop and manufacture cars to meet the requirements of the region.
The German carmaker will hike prices of its best selling cars in Indiafrom February citing increased inputs costs and changes in the exchange rate.
Maruti Suzuki posted a marginal increase in January and the likes of Hyundai, Ford and Mahindra & Mahindra reporting a single-digit growth.
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.
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