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Volkswagen+Group+to+invest+over+one+billion+Euros+in+India
Tuesday, 03 July 2018 - 10:40
Volkswagen Group to invest over one billion Euros in India
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Volkswagen Group has officially announced its commitment to invest over one billion Euros as it aims to reboot India business, with Czech carmaker Skoda Auto leading the charge.
 
The Group has set a target of garnering 5% combined market share in India between Volkswagen and Skoda by 2025.
 
The fresh infusion will go into setting up of new manufacturing line, a new product development center and localization of MQB A0 platform, which will spawn out range of cars starting with a compact SUV.
 
The expansion will lead to an employment generation of over 4000 to 5000 engineers for both the plant and R&D center.
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