VW to expand in India operations; In advanced talks with partners

In February, Volkswagen signed a supply agreement with Mahindra.

Volkswagen is in advanced discussions with potential partners for expanding its operations in India.

Speaking at a Reuters event, VW Group CFO Arno Antlitz said, “India has the potential to offer bigger opportunity for the brand in the coming days. We are in very good discussions. It’s very, very concrete." He further added, “I think we shouldn’t underestimate the potential in India in terms of a market… and in terms of regulatory uncertainty between the US and China. I’m very positive about India.”

Volkswagen is looking to collaborate to scale up passenger car production in the country. In February, it signed a supply agreement with Mahindra, which focuses on the supply of EV components.

Currently, Volkswagen operates two manufacturing plants in India. The Pune plant has an annual production capacity of 2,00,000 units. The other factory is located in Aurangabad.

The VW Group offers a wide range of products spread across multiple brands. These include Skoda, Volkswagen, Audi, Porsche, Bentley and Lamborghini.

Source: ET Auto