Leading automakers in India with a prominent presence in the state of Maharashtra have planned fresh investments in their various facilities just ahead of the Assembly Elections. The Government of Maharashtra has signed four agreements with four leading automakers to the tune of INR 11,510 crores.
Toyota global sales, taking into account Hino Motors Limited and Daihatsu Motor Co during the first six months of 2014 stood at 5.1 million vehicles while sales reported by Volkswagen reached the 5.07 million mark.
Volkswagen is looking at increasing its presence in Indian market by introducing new products in two increasingly popular segments. Compact SUV and Compact Sedan spaces are fiercely attracting buyers; Volkswagen to enter in 2 to 3 years.
In joining Open Automotive Alliance, Volvo Car Group (Volvo Cars) ensures drivers can use Google’s Android smartphone platform through its new centre console touch screen display user interface.
Volkswagen in Mexico further expands its long-standing commitment to nature conservation and biodiversity here, and has announced its â€śThink Blue. Nature.â€ť programme at its Puebla plant today. Called â€śEco Chavosâ€ť (young people for the environment), the new project encourages participation of 10,000 young people over 3 years.
Volkswagen Group India has sold 5140 cars in February 2014. For February 2014, Volkswagen India reported 3100 units sold as compared to 5200 cars sold in February 2013. This equates to 40% sales decline.
Volkswagen Group aims to meet challenges faced by the automotive industry as was announced by Chairman of the Board of Management of Volkswagen Aktiengesellschaft, Prof. Dr. Martin Winterkorn, just before the opening of the Geneva Motor Show: “With our ?Future Tracks? initiative, we intend to break new ground and to reorient our thinking and our action. For this purpose, the best developers, production experts and strategists will all work together.”