Volkswagen, Skoda to invest Rs 8,000 crores – Launch new Polo, Creta rival SUV

Volkswagen Group will invest Rs 8,000 crore in India by 2021. But the plans will be executed by Skoda India.

Skoda has taken charge of Volkswagen Group in India. In a press conference today, VW Group officials revealed that Skoda India, which is actually a subsidiary of VW Group India, will take the pole position in the country and make all important decisions, give direction to the Group’s future in India.

Called India 2.0 – The project will see investment from VW Group Germany into India to the tune of 1 billion Euros. Majority of this will be utilised in the three year period between 2019 to 2021.

As per the plans revealed, the focus will be to launch new cars in India, with heavy localisation. In order to achieve that, they will open a engineering centre in the country which will open new job opportunities for the youth in India – up to 5,000 new jobs will be created.

All future models from Volkswagen and Skoda will be built on the MQB platform, which is the basis of all new generation cars from the VW Group – right from the Polo to the Audi Q8 – all are based on the MQB platform.

For India, the platform will be localised, and will be called MQB-A0-IN. This will form the basis of all upcoming new cars from Skoda and Volkswagen in India – including the new generation Polo, Vento, Ameo, Rapid, etc.

First all new car which will be launched under the new project, will be a Hyundai Creta rival – a mid-sized family SUV. Not much details have been revealed, but it is has been stated that the car will be showcased in 2020, most likely at the Auto Expo.

Image – CarPlace

Another important focus of the VW Skoda India 2.0 project is to improve customer satisfaction. The company knows that apart from offering best in class cars, they also need to work very hard in improving the customer satisfaction. The officials announced that their aim is to offer best-in-class customer satisfaction under the India 2.0 project.

S?KODA AUTO CEO Bernhard Maier said, “Experts predict that in the next few years India is going to become the third-largest automotive market worldwide. With our ‘INDIA 2.0’ project we are now creating the right conditions for sustainable growth there. Our objective is ambitious, but achievable: together with the Volkswagen brand, we are seeking a market share of up to five per cent in the long term, depending on market and segment development.”

S?KODA AUTO CEO Bernhard Maier said, “Experts predict that in the next few years India is going to become the third-largest automotive market worldwide. With our ‘INDIA 2.0’ project we are now creating the right conditions for sustainable growth there. Our objective is ambitious, but achievable: together with the Volkswagen brand, we are seeking a market share of up to five per cent in the long term, depending on market and segment development.”

Gurpratap Boparai, Managing Director of S?KODA AUTO India Private Ltd, added, “With the ‘INDIA 2.0’ project, S?KODA AUTO India and Volkswagen Group India are in an excellent position to optimally confront the dynamics of the Indian car market. In India, we will offer world-class products at prices that amount to a paradigm shift in the automotive industry. We will manufacture the new products on the localised MQB A0 platform, which already fulfils the stricter emission and safety standards that are expected to come into force in India in 2020.”