VW to start small car production in India: report

7th June 2005, Comments 0 comments

7 June 2005, DUSSELDORF - German automotive concern Volkswagen is drawing up plans to start the production of a small car in India in 2006, the business daily Handelsblatt reported on Tuesday.

7 June 2005

DUSSELDORF - German automotive concern Volkswagen is drawing up plans to start the production of a small car in India in 2006, the business daily Handelsblatt reported on Tuesday.

The paper cited sources in the automotive components industry as saying that VW has already made "concrete orders" for the envisaged production.

Most likely, the car will be a variation on the tiny Fox car now being produced in Brazil, the Dusseldorf-based newspaper said.

A VW company spokesman declined to confirm the report on the timetable for the Indian car project.

But VW company sources did say that chief executive Bernd Pischetsrieder was to decide in the upcoming weeks about which car is to be produced in India, as well as the production site.

Handelsblatt noted that the fastest-growing segment in India's car market are the low-priced cars selling at around EUR 3,000.

DPA

Subject: German news

0 Comments To This Article