Germany’s Volkswagen group, led by Czech automaker Skoda, plans to invest around €1 billion (over ₹7,800 crore) in India over the next few years to develop six new models.
The proposed six new models, three each under Skoda and Volkswagen brands, will cater mainly to the domestic market.
If successful in India, the group may also look at exporting these to some of the select markets abroad. The new products will be developed on Volkswagen’s MQB-A0 platform.
When contacted, Skoda Auto India Director Sales, Service and Marketing Ashutosh Dixit told PTI that the company is working on VW’s MQB-A0 platform but declined to share investment details and new product launch timelines.
Skoda has taken over the development of affordable products for the VW group as its deal with Tata Motors for joint development of products failed to take off.