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Indian subsidiary of Volkswagen From Wikipedia, the free encyclopedia
Škoda Auto Volkswagen India Private Limited is the wholly owned Indian subsidiary of German automotive manufacturing company Volkswagen Group, formed in 2001.
This article may need to be rewritten to comply with Wikipedia's quality standards. (July 2020) |
Formerly | Volkswagen India Volkswagen Group Sales India Škoda Auto India |
---|---|
Company type | Subsidiary |
Industry | Automotive |
Founded | 2001[1] |
Headquarters | Pune, Maharashtra |
Area served | India |
Key people | Piyush Arora (MD) |
Products | Automobiles |
Production output | 51,541 units (2019)[2] |
Brands | |
Revenue | ₹17,042 crore (US$2.0 billion) (2023) [3] |
₹310 crore (US$37 million) (2023) | |
Parent | Volkswagen Group |
Website | www |
On 7 October 2019, Volkswagen Group India announced the merger of their three Indian subsidiaries - Volkswagen India Pvt. Ltd. (VWIPL), Volkswagen Group Sales India Pvt. Ltd. (NSC) and Škoda Auto India Pvt Ltd (SAIPL) - into a single entity named Škoda Auto Volkswagen India Pvt. Ltd. with headquarters at Pune. Gurpratap Boparai was appointed as the first managing director of Škoda Auto Volkswagen India.[4]
They focus on manufacture and sales of Volkswagen, Audi and Škoda vehicles in India. Volkswagen Group brands Porsche, Lamborghini and Bentley also sell their cars in India through them.[5][6]
The company operates two manufacturing plants. The first plant at Chakan, near Pune, Maharashtra was previously owned by Volkswagen India with an annual capacity of 200,000 vehicles. The other plant in Aurangabad, Maharashtra was previously operated by Škoda Auto India and mainly used for CKD assembly of Volkswagen, Škoda and Audi vehicles. In 2020, Škoda launched their first ever imported compact SUV model, the Karoq.
Volkswagen has an engine assembly facility (an extension to the previously mentioned plant) built in 2015 at a cost of 240 crore (710 million euro) approximately at their state-of-the-art factory in Chakan, Pune respectively. The plant reportedly holds production capacity of about 98,000 engines annually.[7]
Formerly | Automotive industry |
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Headquarters | , India |
Parent | Audi |
Website | https://www.audi.in |
Audi India was established in March 2007 as a division of Volkswagen Group Sales India.[9] Audi is represented in 110 countries worldwide and since 2004, Audi has been selling its products on the Indian market.
In March 2007, Audi set up its own sales company for India. By establishing Audi India as a division of Volkswagen Group Sales India Pvt. Ltd. in Mumbai. Audi is making a clear long-term statement in the country with ambitious growths plans. Audi's goal is to become the leading automobile luxury brand in the Indian market.[citation needed]
The Audi India strategy encompasses significant investments in branding, marketing, manufacturing (locally assemble engines to cut down its import bill in a range of 10–30%),[10] exclusive dealerships and after sales services. In 2007, only 2 percent of the new car buyers in India knew Audi. In 2008, it went up to 13 percent.[11]
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