Skoda plans to launch two new models in the coming four years in India. The first batch of Skoda Fabia is yet to roll out of its Aurangabad based production plant. Skoda’s Chakan plant shall roll out some 20000 units of Skoda Fabia in mid-2009.
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Volkswagen has already decided to increase its investments
in India from Rs 2500 crores to Rs 3500 by next year. This would be in line with
its decision to roll out two new models Jetta and luxury Phaeton. The company
shall have a top-down approach in Indian markets and shall have products as
luxury Phaeton, Jetta and Fabia in India.
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According to the President and Managing Director of
Volkswagen India, India is a huge strategic market for us and we will work
towards having a product in every segment using a mix of imported completely
built-ups, assembling here or manufacturing locally.”
Moreover, the company is also looking for local partners
and has also plans to build a vendor park for its suppliers in India at its 575
acres Chakan plant. This would allow the vendors to be close to the production
facility and shall keep its project on time and under budget.
“Last year, we made some 6.2 million cars globally, and
Indian vendors who fit the quality requirements have the opportunity to be part
of our growth in future,” Mueller added.
The company has already identified components that it would
procure from Indian vendors and plans to keep its production line most
competitive and world-class.
