Stock market quotes, forex, financial news, forex tools –

Volkswagen will invest 1 billion Euros in the Indian market

 Breaking News
  • US Ministry of Energy predicts reduction of oil prices The US Ministry of Energy has published a monthly report, which turned out to be discouraging. It is expected that in the last quarter of this year the price for...
  • 28 Chinese companies are blacklisted by the US Everyone knows that just in few days two powerful states China and the USA – are starting the next round of the negotiations. Official Beijing has announced that it is...
  • Startup WeWork again in spotlight We have been writing about the startup WeWork, which was forced to postpone the initial public offering. They earn by renting commercial space for a long time in order to...
  • Massive cuts in HSBC HSBC Holdings Plc, the largest bank in Europe and one of the most significant and serious players in the global financial market, has announced the launch of a cost-optimization program....
  • Oil quotes still wait for negotiations Today, at 8.15 a.m. Moscow time, futures for Brent crude oil were trading in London for $ 58.31 per barrel. This is only 0.1% below the closing price of the...
Volkswagen will invest 1 billion Euros in the Indian market
July 02
09:00 2018

Volkswagen is going to expand its influence in India. The company will invest in the country to survive in the competition with South Korean firms.

The investment program includes the expansion of the production and the opening a center for the development of new products. It is planned to attract about one billion Euros up to 2021. Additionally, Volkswagen is going to create a new platform. It will be used in a wide range of new models and series.

Thus, the concern is planning to prepare a base for strengthening its positions in the region. Investments will help to provide worthy competition to such manufacturers as Suzuki, Hyundai and Honda.

By the year 2025, Volkswagen will expand its market share to 5%. This was reported by Bernhard Maier, CEO of Skoda Auto, who is responsible for the development of the company in the Indian market. Skoda Auto is part of the Volkswagen Group.

Earlier, the media made public that the concern was going to spend 15 billion Euros on the development and creation of electric vehicles and unmanned aerial vehicles. So, Volkswagen will operate in a variety of ways in the coming years.


The material was prepared with the participation of Anjela Chromova,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment