New Delhi: Volkswagen AG, the world’s fifth largest carmaker, and group companies Audi AG and SkodaAuto A.S., have lined up five new models over the next three years, as they try to capture lost sales marked by a delayed entry into India.
The new line up will bring the Volkswagen Group’s offerings to 14 cars (excluding variants) in the country.
Apart from Skoda, which has been assembling its cars at Aurangabad since 2001, both VW and Audi have only recently started to assemble their models in India. Volkswagen’s Polo marquee will hit the Indian market by 2010 to target the premium small car segment, which is expected to be one of the most crowded spaces in car making in India. This car will be produced at VW’s new plant, coming up in Chakan near Pune, where Europe’s largest carmaker is investing €410 million (Rs2374 crore). The plant, to be operational in 2009, will have a total capacity of 110,000 cars a year.
“We are taking our time to prepare ourselves properly before entering the (small car) market. The Polo is a completely new car,” said Joerg Mueller, president, Volkswagen India.
Volkswagen will launch its Jetta sedan by June-July this year,with a price tag of between Rs14 lakh and Rs17 lakh. It is also bringing in the Phaeton luxury car as a fully built imported vehicle for the Indian market.
Meanwhile, Audi India also launched its A4 sedan.
Skoda, which has been around the longest in India in terms of their car brands, also launched its Fabia compact car priced between Rs4.99 lakh and Rs 7.68 lakh. The company will more than double its production capacity this year to 30,000 units, with a large part of the growth expected to come from the Fabia.
PTI contributed to this story.