Don’t miss the latest developments in business and finance.

Volkswagen India plant by 2015

Image
Reuters
Last Updated : Jan 21 2013 | 5:46 PM IST

Volkswagen is to build an engine assembly plant in India by 2015, a senior official said on Thursday, as the German automaker looks to boost its lacklustre sales in Asia's third-largest economy.

The company also plans to invest 60 million euros in its India business next year on localisation of components and to boost export potential from the country, said John Chacko, managing director of Volkswagen India.

Also Read

First Published: Nov 02 2012 | 12:53 AM IST

Next Story