Thursday, September 11, 2025
spot_img

Volkswagen Group is investing one billion euros in the implementation of the  ‘INDIA 2.0’ Project.

spot_img
- Advertisement -
SKODA AUTO CEO Bernhard Maier and Gurpratap Boparai, Managing Director of SKODA AUTO India Private Ltd, announced details of the ‘INDIA 2.0’ project at a press conference in New Delhi on 2nd July 2018.


Highlights of press release-

  • Volkswagen Group is investing one billion euros in the implementation of the project.
  • One of the largest investments in the Indian Automotive sector.
  • Together, SKODA AUTO and Volkswagen will develop new models for the Indian market
  • The first model to appear as part of the project will be a mid-size SUV – to be showcased in 2020
  • Technical development of new products will take place in India

Volkswagen Group is investing one billion euros towards the implementation of the project, primarily between 2019 and 2021. To ensure the products are perfectly suited to the Indian market, SKODA AUTO will set up an engineering centre in the country. All models designed and produced locally in India in the future will be based on Volkswagen Group’s MQB platform, which already fulfils the stricter legal requirements for India that come into force in 2020.

SKODA AUTO India Private Ltd. currently offers four models on the Indian subcontinent: the OCTAVIA, SUPERB, RAPID and most recently the KODIAQ, which was launched in October 2017. The RAPID is manufactured at the Pune plant, while the OCTAVIA, SUPERB and KODIAQ models are produced in Aurangabad where the company headquarters are located. SKODA vehicles are sold in India through 70 dealerships and 70 service centres are available to customers.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Labour Minister interacts with HR Heads of Industry from various sectors

In first of its kind, Shri Bhupender Yadav, Union...

IBM India is hiring for entry-level & experienced people including HR & IT

IT and Technology giant, IBM India is hiring across the country...

IBM is hiring across India for Entry Level positions including HR & IT

IT and Technology giant, IBM India is hiring across...

EPFO members to get 8.5% interest by next month

8.5% Interest Payout to be credited to the subscribers'...

Vajram Electric Mobility Welcomes Chandra Mouli as CEO

Vajram Electric Mobility Ltd., a pioneering company in the...

Zee Layoffs 50% of Bengaluru Tech Centre Workforce

Zee Entertainment initiated cost-cutting measures, slashing 50% of its...

Goldman Sachs expects staff to return to offices by year-end

Goldman Sachs expects staff to return to offices by...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/