Volkswagen India plans to import commercial vehicles in the country by mid-2009. The company has planned to import light commercial vehicles in India and is not deterred by the deepening credit crisis in India. Joerg Mueller, Managing Director, VW, told the reporter that the company does not see any impact of the current credit crisis and its plans are on track in India.
"We're actually ahead of schedule," he said. The company is investing 580 million euros ($737.8 million) in India. It is also planning to start the production at its upcoming manufacturing unit in 2009. The plant will have a manufacturing capacity of producing 110,000 units when it becomes fully operational.
VW also plans to launch its Beetle in India next year. The “People’s Car” from Europe will be available for the Indian customers as well and will be positioned as a lifestyle car. It will import the car as a completely built unit which will attract heavy import duty. Thus, the car will be pricier than its competitors in its segment. The final price of the car still remains undecided and will be announced when the car is finally launched in India.
