India is a crucial market for Volkswagen’s growth strategy, according to Piyush Arora, Managing Director and CEO of Skoda Auto Volkswagen India.
According to Piyush Arora, Managing Director and CEO of Skoda Auto Volkswagen India, India is a “strategic market” for Volkswagen. The company has identified India as a key region for growth and expansion. Arora emphasized that the Indian market is crucial for Volkswagen’s global strategy, citing the country’s growing demand for passenger vehicles, increasing disposable income, and expanding urbanization. The company plans to increase its market share in India, which currently stands at around 4%, by introducing new models, improving its dealership network, and enhancing customer services. Additionally, Volkswagen aims to increase its production capacity in India to meet growing demand and reduce its reliance on imports. The company is also exploring opportunities in the electric vehicle (EV) segment, which is expected to grow rapidly in India. Overall, Volkswagen sees India as a key market for its future growth and plans to invest significantly in the country to capitalize on its potential.
Source: https://news.google.com/rss/articles/CBMi_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?oc=5&hl=en-SG&gl=SG&ceid=SG:en