VW GROUP
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.
Slowing EV sales are upending banker climate strategies
The global electric vehicle market faces challenges as China leads in EV development, impacting sales in Europe and US. Policy interventions are expected due to China's dominance and US tariff increases on Chinese imports.
Rick and Michonne face escalating danger in ‘The Walking Dead: The Ones Who Live Episode 5’ trailer
You can catch "The Walking Dead: The Ones Who Live" on Sundays on AMC and AMC+ as the thrilling saga continues to unfold. Here’s a glimpse of what is going to happen in the next episode.
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.
VW weighs staff reductions as electric shift stalls
"The situation is critical. Many markets are under pressure. Our orders, particularly for electric vehicles, have been lower than expected," Thomas Schaefer, head of the Volkswagen brand, told a staff meeting at the carmaker's headquarters in Wolfsburg.
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'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.
Sajjan Jindal likely to acquire up to 48% in MG Motor India, make it an Indian company
According to the broad contours agreed upon so far, Jindal is likely to own 45-48% of MG Motor India, with dealers and Indian employees owning 5-8%. SAIC will hold the rest, said multiple sources aware of ongoing discussions. The plan, said to have been blessed by the Indian government, will lead to a minimum 51% of the equity being in Indian hands, with the Chinese becoming a minority partner with a maximum 49%.
Volkswagen's focus on India stronger now amid global turmoil: Thomas Schäfer, global CEO, Passenger Cars
Volkswagen plans to focus on emerging markets such as India due to tensions between America and China, which make it complicated to operate between the two markets, according to Thomas Schafer, CEO of Volkswagen Passenger Cars. The company's India 2.0 strategy, implemented in 2020, is set to expand through fresh investments, product interventions and capacity, he said.
Volkswagen group's India sales grow 85 pc to 1,01,270 units in 2022
"While challenges around the ongoing chip shortage and increasing input costs continued, we successfully re-calibrated, taking action with agility and speed to minimise the impact of these," SAVWIPL Managing Director and CEO Piyush Arora said in a statement.
India has become a key focus market for Volkswagen Group: Klaus Zellmer, Global CEO
We have recorded our biggest year ever in India within the first eight months of 2022. These outstanding results have enabled India to rank among the top three markets for Skoda Auto globally in the first half of this year, says Klaus Zellmer.
India has become key focus market for VW Group, Skoda is discussing next strategic move in the country: Klaus Zellmer, CEO, Skoda Auto
Zellmer said the market is changing very rapidly towards battery electric vehicles, which is against many people’s opinion. In an interview to ET, Zellmer speaks about the balanced approach towards internal combustion engine and EVs, role of alliance with Mahindra & Mahindra and how Skoda will be taking a step-by-step approach and double its addressable market in India in coming years and create its own niche.
Mahindra & Mahindra and VW Group in exploratory talks for EVs for India and global market
This would accelerate the company's ambition to reach to sell two lakh electric vehicles by 2027 that could potentially generate revenue of around Rs 50,000 crore for EV its subsidiary, while VW may gain localization of parts to take advantage of Indian cost. M&M will have access to the latest VW technologies and should also help reduce the development time and cost to launch its own Born Electric vehicles.
Volkswagen group testing electric vehicles under Skoda brand for India market
Arora was responding to a query on VW group's electric vehicle plans for the Indian market below the luxury segment. The all-electric Porsche Taycan has a starting price of Rs 1.5 crore, while the Audi e-tron price ranges from Rs 99.99 lakh to Rs 1.18 crore. In terms of electro-mobility, he said, "We have followed a top-down approach with our luxury brands, already launching products into the market. Both Audi and Porsche have very successful electric vehicles in the Indian market."
Volkswagen drives in mid-sized sedan 'Virtus' tagged at Rs 11.21 lakh
The company's new offering would compete with the likes of Honda City, Maruti Ciaz, Hyundai Verna and the recently-launched Skoda Slavia in the mid-sized sedan segment. Developed on the company's MQB A0 IN platform, Virtus is manufactured at the Chakan plant in Pune and comes with up to 95 per cent localisation levels.
Volkswagen Atlas SUVs recalled in US, Canada to address airbags, windows and brakes issues
The German auto major has recalled 246,000 units of Atlas SUVs in the US and Canada, citing wiring issues that may lead to the malfunctioning of airbags, window glasses and brakes.
Ukraine war throws VW outlook into question, CEO warns
World No. 2 carmaker Volkswagen warned on Tuesday that semiconductor shortages, supply bottlenecks, high commodity prices and the Russia-Ukraine conflict could hit growth in 2022, as the challenges facing the auto industry mount.
Volkswagen reimagines classic camper for the electric age
The new model, with its curvy resemblance to the original VW campers that had their hey-day in the 60s and 70s, was a "turning point" for Volkswagen, according to German car market expert Ferdinand Dudenhoeffer.
Skoda Auto VW India announces new leadership team
The Skoda brand is now steering the Volkswagen Group’s operation in India as part of its India 2.0 project.
Volkswagen aims to double electric car sales in China this year after missing targets
Volkswagen Group, which alongside its own brand owns other marques such as Audi, Lamborghini and Porsche, sold 3.3 million cars in China last year, down 14%, Wollenstein said. The company aims to boost that number by around 15% or roughly 500,000 units this year, though he said this also depended on the chip supply situation.
Skoda Auto Volkswagen India MD Gurpratap Boparai resigns
Skoda Auto Volkswagen India's Managing Director Gurpratap Boparai has resigned from the company with effect from January 1, 2022.
Skoda Auto VW set to launch mid-size sedan Slavia by March
With the introduction of Slavia, the Czech carmaker has set a target to seize leadership in mid-size sedan segment from Honda City and also eye number one position in the overall sedan market above ₹10 lakh in the country.
India on right-track for Skoda, being considered for next investment cycle: Chairman Skoda Auto - Thomas Schäfer
With four new product launches (along with VW brand) introduced in less than a year, Skoda Auto Volkswagen will add a third shift in its production facility in Pune. Giving it confidence is also the expected demand from global markets and the next set of products, that are slated for launch.
Skoda Auto Volkswagen's Made for India compact SUV may hit roads by 2023
The group is working on a plan to make an India-specific sub-compact SUV to gain from lower tax for such vehicles.
VW brand aims to quadruple sales, cross 50k unit sales mark in India by 2022
“As far as India is concerned, I think the inflection point in India towards mass electrification will come somewhere around 2025-2026,” Gupta said. “We have the global product portfolio available. It's a question of when we can bring it in a profitable (manner) and with a business case that is positive for the customer as well as for the company.”
Skoda, VW line up 1 million euro aid to fight COVID-19 in India
"We are in contact with our colleagues in India every day. They know best what is most urgently needed at the moment. We are working hard to secure the appropriate relief supplies, including oxygen tanks, and transport them to India as quickly as possible," Skoda Auto Chief Executive Officer Thomas Schafer said.
Porsche and Volkswagen Group might enter Formula One
It depends if the next engine regulations due to be introduced in 2025 promote sustainable fuel.
Skoda Auto Volkswagen India's operations become net water positive
Both of the company’s plants in India at Pune and Aurangabad are zero liquid discharge facilities boast effluent treatment and recycling facilities along with sewage treatment plants, the company said in a statement.
MG Motor in talks for contract manufacturing with VW India, M&M-Ford
The source added that “in all likelihood, chances of a deal with the VW Group look stronger in view of the existing robust relations” between SAIC and VW internationally.
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