Thursday, March 15, 2012
By Manoj Kumawat
Volkswagen UP coming to India: No doubt in it
The Indian unit of the Germany based largest car maker Volkswagen AG, is aggressively working on expanding its portfolio in the Indian market. Aiming to make the most of the high growth potential in the Indian auto market, the company is rapidly completing the final process of launching the all new small car – Volkswagen UP.
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In a recent statement, Mr. Martin Winterkorn, Volkswagen Group Chairman, said that the company is currently analyzing the opportunities in the emerging markets like India and China (to launch its iconic small car UP). He however maintained that the final decision on launching this model in the Indian market hasn’t been taken by the company, so far.
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Recently, the company had said that it is ready to invest heavily in the Indian market but lack of clarity on the policies from the government’s side. It is to be mentioned here that Maharashtra government’s recent changes in the VAT refund policy, in which the government refunds the collection of VAT through the car sales of the car makers who have factories in the state, has impacted the auto makers that have plants, there.
| See More Volkswagen Up Photos | Get Volkswagen Up Price |
The Volkswagen UP model is expected to be shelved in the price segment of sub Rs 4 lakh, where it will be competing with the likes of Maruti A-Star, Wagon R, Zen Estillo and Hyundai i10.
