Volkswagen to invest in expansion, EV manufacturing in India

Posted By: Admin Published: 01-12-2023

The Volkswagen Group is in the process of firming up fresh investments to manufacture electric vehicles (EVs) in India, besides other things such as capacity expansion, said a senior executive. The German company, which revived sales volume in the local market with the launch of new models under the India 2.0 strategy, is readying to launch its first EV, ID.4, in 2024. While the ID.4 will be assembled from imported parts and components at the group's manufacturing facility in Aurangabad.

Reference :

https://economictimes.indiatimes.com/industry/auto/auto-news/volkswagen-to-invest-in-expansion-ev-manufacturing-in-india/articleshow/99594651.cms