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Volkswagen mulls LCV foray in India, decision by end ‘08

Volkswagen mulls LCV foray in India, decision by end ‘08
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First Published: Thu, Oct 02 2008. 02 40 PM IST
Updated: Thu, Oct 02 2008. 02 40 PM IST
By PTI
Paris: German auto major Volkswagen Group says it expects to take a final decision on its plans to enter the Indian light commercial vehicles market by the end of this year, even as it rules out tying up with a local partner for such a venture.
“We, as a big automobile company, constantly keep evaluating possibilities. Emerging markets, including India, are key to our expansion programme not only in cars but also in commercial vehicles,” Volkswagen group chairman Martin Winterkorn told PTI on the sidelines of Paris Auto Show here.
He said VW group is currently undertaking a feasibility study for its planned foray into the Indian LCV market.
Asked if the group would consider partnership with a local firm for the venture, he replied in the negative.
VW’s feasibility study is expected to be concluded by this year-end, following which it is expected to take a decision.
“Our people responsible for commercial vehicles at Hannover in Germany are doing the study and depending on the outcome they should be able to decide on the details of the foray, including what kind of products to be brought to India, if they decide to enter the market,” VW India executive director finance and CFO Ulrich Proske said.
On the cars front, Winterkorn said VW is developing a family of small cars and one of them could come to India in due course of time.
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First Published: Thu, Oct 02 2008. 02 40 PM IST