The VW Jetta will be assembled in the plant using completely knocked-down kits Puebla, Mexico. The automaker said that the operation will continue until 2009, when plans to move its own plant in Pune rupees. The 2450-crore plant has an annual capacity of 110000 units. The company will invest about 2500 crore rupees in this facility.
Andreas Prinz, the CEO of Volkswagen India, told Business Standard that the average size car would be competitively priced and conforms to the tastes of the city of Honda. This places it in lakh rupees from 7 to 9 lakh rupees arm, which has models like the Hyundai Verna, Maruti Suzuki SX4 and Ford Fiesta. The segment recorded sales of 200000 cars last fiscal.
Prinz added that the company plans to price this car competitive for the Indian market. VW will challenge the existing product lines in this segment including Hyundai Verna, Maruti Suzuki SX4 and the Ford Fiesta.
The German automaker is pushing for a rapid development in India because he believes was lost in opportunities Growth in the territory due to its focus on other markets, especially China. VW has three dealers in India and is now more open countrywide.
The VW Passat, the first Indian-assembled cars, will be launched on September 5 in the same Skoda installation. A VW spark plug ignites even brighter as the automaker announced its plan to unveil the Jetta, Golf Hatchback based on the A5 platform. The Jetta features trusts accessories for cars made by the German automaker renowned throughout the world. The car is better flaunting style, seat, and interiors.
According the automaker, the Jetta name was inspired by the jet stream " " and has been in production for 27 years. The Jetta is likely to be launched in both petrol and diesel versions and prices lakh rupees between 7 and 9 lakh rupees. About two lakh cars were sold in the midsize segment in India in the last financial year. The company is likely to opt for a 1.6 liter engine, as part of its line of gasoline, using the automaker& 39;s patented technology FSI. For diesel engines, VW is likely to borrow the 1.9 liter TDI engine of Skoda, as found in its Octavia model in India, Business Standard revealed. The Euro III engine ready to allow Volkswagen cars at competitive prices. The German automaker might take different models of superior court with the final versions of petrol and diesel with anti-lock braking system and airbags as standard.
Industry sources suggest that VW has recently implemented a new plan that global sourcing to reward suppliers who achieve lower price targets by making them part of the new model strategies. This could mean India for suppliers Jetta can be a part of the global supply of VW chain.
Additionally, VW has recently established a company called sales of Volkswagen Group Sales India Private Limited in Mumbai to focus on the Indian market.
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