The automaker is currently discounting almost every electric and hybrid car model it sells, as part of a marketing campaign declaring "electricity is cheaper than oil"
This proposed project with Volkswagen would be distinct from the joint venture already underway with SAIC Motor Corp, wherein JSW Group holds a 35% stake
European auto major Volkswagen Group's car sales in India grew around 2 per cent year-on-year to 145,713 units in 2023, the company said on Monday. Of this, domestic sales stood at 101,465 units, while 44,248 units were exported, it said in a statement. The company had sold 134,667 cars in the January-December period of 2022. Skoda Auto Volkswagen India has five luxury car brands -- Skoda, Volkswagen, Audi, Porsche, and Lamborghini -- under it. The group maintained steady sales momentum in 2023, with domestic sales soaring past 100,000 units for the second year in a row, the company said. Exports grew 32 per cent year-on-year with 44,248 units shipped from India, underlining the company's expanding global reach, it said. Additionally, the group's overall customer deliveries witnessed a 4 per cent growth in the domestic market, indicating a robust market presence, the company said. It also said the group delivered over 10,000 cars in December last year alone, adding that Made-in-
Mahindra to invest around Rs 10,000 crore towards its EV subsidiaries over the next 5 years
Volkswagon plans to introduce 40 locally produced electric vehicles in China by 2025