Driven by the momentum of the prosperous and promising Indian car market, Volkswagen has major expansion plans for India.
In the beginning of this fiscal, the company introduced its super successful car Volkswagen Jetta to India. Later, the company announced many new launches and plans.
With a slew of launches, the company also plans to bring its global research and development center to India. This center of expected to roll out cars for the global market. Just like Maruti Suzuki did for Maruti-Suzuki A-Star, Volkswagen also plans to locally produce vehicles and market it in the globally.
The key reason why Volkswagen targets Indian to bring its R&D center is because India has a vast talent pool comprising designers and engineers. The company plans to start the production at the earliest and roll out global cars from the facility in the next 5-6 years.
The company is investing nearly about Rs 3,600 crore in setting up a manufacturing facility at Chakan in Maharashtra, a plant from where it plans to roll out the small car designed for the Indian market. It also has plans to roll out two small cars based on the Polo platform by next year.
Volkswagen always tries to evaluate possibilities in the emerging markets like India for its expansion plans. It has a firm belief that India will bring in lot of prosperity for the company in the years ahead.