The automaker will create a new company called Power Co under CEO Frank Blome and the production at the plant will start in 2025
The five-seater, all-new Virtus, was launched in the country on June 9, at an introductory price of Rs 11.21 lakh (ex-showroom) to reignite the premium mid-size sedan segment, as per the company.
Company expects car will impress buyers considering premium offers like Toyota Fortuner, Jeep Meridian and MG Gloster
Two of the world's richet men, Jeff Bezos and Mukesh Ambani are set to clash over media rights of the Indian Premier League, which has a brand value of almost $6 billion
The company's new offering would compete with the likes of Honda City, Maruti Ciaz, Hyundai Verna and the recently-launched Skoda Slavia in the mid-sized sedan segment.
Brand image, taxation structure, and 'business economics' behind decision, says senior executive
VW to import EVs within 2,500 unit limit to sell in India; carmaker plans to locally assemble EVs in the country by 2027
Virtus bets big on price, local content and design
Volkswagen (VW) on Wednesday again apologised to customers in England and Wales as it pledged to rebuild trust
Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker.
The Volkswagen, Mahindra & Mahindra agreement comes in less than 6 months after Mahindra brought the curtains down on all kinds of collaborations with Ford Motor Co on December 31, 2021.
VW confirmed a projection that deliveries will rise by as much as 10% this year, it said Wednesday, even after production slumped by 12% during the first three months
Volkswagen also has European charging cooperations with Italy's Enel and Spain's Iberdrola, with Diess saying there would soon be an update on the latter alliance
The Polo Legend edition is priced at Rs 10.25 lakh (ex-showroom) onwards
There has long been talk of Audi and Porsche forming partnerships with existing Formula One teams, their most likely method of entry into the highest class of international racing
Volkswagen group has crossed the cumulative production milestone of 15 lakh units in India across its three brands - Skoda Volkswagen and Audi, according to Skoda Auto Volkswagen India Pvt Ltd
Head of Audi India Balbir Singh Dhillon said that the company, part of the Volkswagen Group, presently assembles four internal combustion (IC) cars in India, two SUVs and two sedans
The company has launched premium sedan Virtus, its second product under the India 2.0 project
The company has commenced pre-bookings for the new model which competes with the likes of Honda City, Hyundai Verna, Maruti Suzuki Ciaz and Skoda Slavia
Nearly 4,000 luxury cars like Porsches, Lamborghinis, Bentleys and VW -- along with several high-end electric vehicles -- have sunk aboard a cargo ship in the Atlantic that caught fire last month.