Business Daily from THE HINDU group of publications
Monday, August 18, 2008
ePaper | Mobile/PDA Version | Audio

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

Update at 1700 hrs (IST)


Corporate
Volkswagen to launch Beetle in India

New DELHI: Come 2009, Indians will have the chance to own the original 'people's car' -- the Beetle -- as German carmaker Volkswagen has firmed up plans for its introduction in the country.

“Beetle will come here. After strengthening our dealership network, it will come next year,'' Volkswagen India President and Managing Director Joerg Mueller told reporters here.

The company has been looking at using the Beetle as a brand building tool for Volkswagen as it prepares to get into the highly competitive Indian compact car segment by 2010. Beetle is now manufactured in Mexico for VW's worldwide supplies and could com e to India through the completely built unit import route.

VW is investing 580 million euros (approx rs 3,600 crore) in setting up a manufacturing facility at Chakan in Maharashtra from where it would roll out is small car for the Indian market.

It plans to launch its compact car based on the Polo platform in two variants -- hatchback and sedan -- once it starts production at its Chakan plant in Maharashtra. “The car based on Polo platform will be rolled out from our upcoming plant (in Chakan) by the first half of 2010,'' Mueller said. From next year, the plant would also produce group firm Skoda's new Fabia, he added.

The company is also on a dealership network expansion. It currently has eight dealers in the country and plans to increase to 15 by the end of this year. **We are planning to have 15 dealers this year and it will go up to 120 by 2011,'' Mueller said. – PTI

Prev: Rupee continues slide against dollar
Next: NMDC plans pig iron plant using tech from Rio Tinto


Business Line | NUS Index |



Related Topics
Alliances & Joint Ventures
Announcements
Auditing
Awards & Honours
Bonus Announcements
Company Law
Corporate Bonds
Corporate Disputes
Corporate Governance
Courts/Legal Issues
Diversification
Environment
Human Resources
Interview
IPOs
IPR
Management
Mergers & Acquisitions
New Projects
Open Offers
Outlook
Outsourcing
Overseas Borrowings
Overseas Investments
People
Performance
Preferential Allotments
Private Placement
Regulatory Bodies & Rulings
Research & Development
Restructuring
Rights Issue
Sick Units
Society & Development
Standards & Benchmarks
Taxation
Trade & Labour Unions



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line