SKODA AUTO VOLKSWAGEN INDIA
Volkswagen launches first certified pre-owned store in Coimbatore
Volkswagen launched its first brand store in Tamil Nadu, rebranding its used car business to 'Volkswagen Certified Pre-Owned' cars, aiming to offer customers high-quality, reliable vehicles with comprehensive inspection processes and warranty coverage. With 139 touchpoints nationwide, including 36 exclusive outlets, Volkswagen plans to expand by March 2025. The strategic rebranding leverages the brand's strength and trust, with the popular sedan 'Virtus' driving sales in Tamil Nadu.
Skoda eyeing local equity partnership amid electric shift
Skoda Auto Volkswagen India is making progress in equity partnership talks with an Indian company to share costs and risks. While open to continuing solo, Skoda sees value in local collaboration amid government EV pushes and stricter emissions regulations. Future investments depend on this decision.
Skoda Auto CEO's strategy for Indian market: Humility, learning, customer focus and a new partner
Skoda Auto's CEO Klaus Zellmer highlights India's pivotal role in the company's global strategy, noting it as the most attractive and competitive auto market. With a robust development base in Pune, Skoda plans to leverage India's potential for expansion into ASEAN and the Middle East.
Revving up: Fuelled by PLI, Indian automakers eye global EV space, targeting Europe & other developed markets
Indian auto manufacturers are seizing the export opportunity in the electric vehicle (EV) market, driven by increasing demand for cleaner mobility in developed countries and government support. Companies like Maruti Suzuki and Hero MotoCorp are gearing up to export their EV models to Europe, leveraging India's frugal manufacturing capabilities. With India's production-linked incentive scheme and alignment with global standards, automakers aim to challenge Chinese dominance in the EV sector and establish India as an EV export hub.
Electric vehicles: Desi automakers are seizing export opportunities driven by increased demand for cleaner mobility
Domestic auto makers like Maruti Suzuki, Hero MotoCorp, and TVS Motor are seizing the export opportunity in the electric vehicle market. Maruti Suzuki is set to export its first electric SUV to Europe, Hero MotoCorp is launching its VIDA V1 electric scooter in European countries, and TVS Motor is expanding to the European Union with its electric scooter iQube.
Boost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 years
Hyundai Motor India Ltd (HMIL) is planning a ₹25,000 crore IPO to drive its parent company's strategy of making India a key export hub. The company plans to introduce nearly half a dozen electric vehicles for local sales and exports as part of this ambitious strategy.
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VinFast pushes ahead with Asia expansion, expects to open India plant ahead of schedule
VinFast in January signed an agreement with the Indian state of Tamil Nadu to invest as much as $2 billion in the country as it seeks to break into one of the world’s biggest auto markets. Work on the plant started in February, with an initial investment of $500 million.
India's electric car incentives limited to new investments: Officials
The Indian government's scheme to promote local production of electric cars will offer incentives only to automakers investing in new manufacturing facilities in the country, officials have revealed. Foreign firms, including those already operating in India, can apply for benefits under the Scheme for Manufacturing of Electric Cars (SMEC) but with no retrospective approval for previous investments.
Volkswagen plans cheaper battery model 'from Europe for Europe'
Volkswagen has announced plans for a cheaper electric model, priced around 20,000 euros ($21,800), to be introduced in 2027. The model will offer entry-level electric mobility from Europe for Europe. Volkswagen also plans to unveil a range of battery-powered cars for under 25,000 euros by the end of 2025, including two compact cars from its VW and Cupra brands, as well as two small SUVs from VW and Skoda.
Pre-owned car market expected to touch 1.09 cr units by FY28: Report
India's pre-owned car market, as per the Indian Blue Book report, is expected to expand to 1.09 crore units valued at USD 73 billion by FY28, with budget buyers predominantly seeking quality cars for upgrading to a new pre-owned vehicle.
Automobile exports from India dip 5.5% in FY24
India's automobile exports fell by 5.5% in FY24 due to global monetary crises, with overall exports totaling 45,00,492 units. SIAM President Vinod Aggarwal cited volatile overseas markets and foreign exchange issues. While commercial vehicles, two-wheelers, and three-wheelers declined, passenger vehicles marginally increased. Recovery in Jan-Mar signals better prospects ahead.
5% GST benefit should only be for smaller EVs; don't extend it to bigger cars: Skoda Auto India
If the said benefit is extended to all EVs -- including bigger and expensive ones -- it will put the exchequer and govt finances under pressure, the report quoted Petr Janeba, the brand director for Skoda in India, as saying.
India EV policy to help global car companies expedite investment decisions: Skoda senior executive
Petr Janeba's comments come at a time when Skoda Auto Volkswagen India is in the process of finalising its next phase of investment. Skoda leads the Volkswagen Group’s strategy in India. The VW Group comprises Skoda, VW, Porsche, and Audi, among other brands.
Skoda Auto, Volkswagen Group Technology Solutions India strengthen partnership
Skoda Auto is strengthening its partnership with Volkswagen Group Technology Solutions India, focusing on enhancing its app portfolio, artificial intelligence, data analytics, and technology services. Volkswagen Group's IT center in India, employing over 2,600 specialists, plays a key role in this collaboration.
Volkswagen to bring more premium vehicles to India
India has surpassed Japan to emerge as the third largest vehicle market in the world, a feat which no one would have thought possible a decade back, Volkswagen’s executive director, international sales, Michael Mayer, said.
Plan to enter mass market EV segment in India: Skoda Auto
Skoda Auto plans to enter India's mass market of electric vehicles segment, exploring options including partnerships with local companies for economies of scale. The company is testing its premium electric SUV Enyaq and aims to participate in the growth of the electric market in India.
Profit is not the main target for India: Skoda Auto board member
The Volkswagen Group company that is responsible for driving the group strategy in India is reinforcing its commitment to the market by getting into the next phase of investment through entry in the competitive sub-four metre compact SUV segment and launching electric vehicles.
Skoda Auto to assemble EVs in India latest by 2027
The focus on electric mobility is in alignment with the government of India's push for EVs, targeting 30 per cent new car sales by 2030, Skoda Auto India Brand Director Petr Janeba said. The company is testing electric SUV Enyaq for possible launch in India this year.
Skoda India to take on Vitara, Brezza with compact SUV launch in 2025
Skoda Auto is set to launch a compact sports utility vehicle (SUV) in India, aiming to tap into the growing demand for "accessible premium" vehicles. The new compact SUV, to be unveiled in a year, is expected to be a significant volume generator for Skoda in India. Skoda Auto India aims to increase its market share to 5% by 2030. The new model will be part of Skoda's strategy to offer tailor-made products for Indian customers.
Indian passenger vehicle industry engages numerous social media influencers to accelerate sales
The strategy seems to be working just fine: most automakers have been able to sell cars to an increasingly informed set of buyers – who seemed to know pretty much everything about a vehicle before even stepping into a showroom.
Volkswagen to launch imported electric SUV ID.4 in India to test market readiness
Volkswagen plans to launch the all-electric ID.4 SUV in India to test consumer readiness. The company aims to bring cars from its global portfolio to the Indian market, assemble locally, and eventually achieve local electrification by 2026. Volkswagen expects volume growth in India and is focused on the emerging electric vehicle segment.
Volkswagen Group's auto sales in India rise to 1,45,713 units in 2023
European auto major Volkswagen Group's car sales in India grew around 8% year-on-year to 145,713 units in 2023. Of this, domestic sales stood at 101,465 units, while 44,248 units were exported. The group maintained steady sales momentum in 2023, with domestic sales soaring past 100,000 units for the second year in a row. Exports grew 32% year-on-year with 44,248 units shipped from India, underlining the company's expanding global reach.
MG Motor India to introduce seven new models in India in 2 years
MG Motor India plans to launch seven new models in the Indian market over the next few years. Following its joint venture with the JSW Group, MG Motor showcased its lineup to dealers, including models to be launched in India. The company is expected to focus on hybrids, including plug-in hybrids and battery-operated vehicles, and update existing internal combustion engine models
Skoda Auto India to increase prices from Jan 1
Skoda Auto India plans to increase vehicle prices by around 2% from January 1, 2024, due to rising supply, input, and operational costs. The hike will affect the entire range of vehicles, including SUV Kushaq SUV, sedan Slavia sedan, and premium SUV Kodiaq, priced between Rs 10.89 lakh and Rs 39.99 lakh.
Skoda Auto Volkswagen looks to step up capacity utilisation rate to 90%
Škoda Auto Volkswagen India is set to launch new models and updates to existing ones in 2024, entering the electric vehicle (EV) market. With plans to substantially boost exports of India-made cars, the company aims to raise capacity utilization at its Aurangabad and Chakan plants from the current 70-75% to over 90%. Piyush Arora, the group managing director, views the coming year as crucial for the company's India operations.
Govt identifies high fleet emission levels in major car makers; stiff penalties recommended
The Indian government has identified elevated fleet emission levels in leading car manufacturers, including Hyundai, Kia, Honda Cars, Renault, Skoda Auto, Volkswagen India, and Nissan, exceeding prescribed standards. The Bureau of Energy Efficiency (BEE) is recommending hefty penalties for violations, urging carmakers to shift toward greener and less-polluting vehicles.
Over three dozen cars to undergo crash tests under Bharat NCAP
India launched in August the Bharat New Car Assessment Programme (Bharat NCAP), which is modelled on the Global NCAP and tailored for Indian standards. This is aimed at improving the safety standards of cars produced in the country.
Skoda plans new launches to scale up its India play
Skoda Auto aims to strengthen its position in India's competitive market and become profitable by launching multiple models and refreshing its existing line-up. The Czech carmaker plans to increase exports from India and invest in both internal combustion engine (ICE) and battery electric vehicles (BEVs). Skoda Auto achieved record sales in 2022-23.
'Volkswagen Group to start localisation of EVs in India in phases'
German automaker Volkswagen (VW) Group plans to adopt a phased approach to localizing its battery electric vehicles (BEVs) in India. The company will wait for a strong business case before offering affordable, 'Made in India' EVs. VW is confident in the Indian market, which has experienced rapid growth and is now the third largest car market globally.
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