Volkswagen is gearing up to introduce a new entry-level electric vehicle (EV) in India during the second half of this decade, with plans for it to be exported globally.
The ambitious project of introducing an affordable EV requires a substantial investment, with the company seriously evaluating opportunities.
Investment
Piyush Arora emphasized the need for a triple-digit million euros investment, underscoring the volume requirements and the vital role of the Indian market in the brand’s global volumes and exports.
Investment
Skoda, a part of the Skoda Auto Volkswagen India group, is actively considering the localization of the MQB A0 37 architecture.
Skoda’s Strategy for Premium EVs
The brand is exploring export opportunities, with Vietnam emerging as a potential market for products like Slavia and Kushaq.
Skoda’s Strategy for Premium EVs
Both Volkswagen and Skoda play crucial roles in India’s shift towards electrification, with their first EVs slated for launch in the current year.