Volkswagen, a German production carmaker, is currently in talks for a partnership to manufacture cars in India, according to Chief Financial Officer Arno Antlitz. The discussions are progressing well, with a clear opportunity for cooperation in the passenger car segment, although specific details were not provided during a Reuters interview at the Automotive Europe conference in Munich. Despite the challenges of making profits in the Indian market where buyers seek cheaper cars, the CEO of Volkswagen believes that India holds significant market potential, particularly amid regulatory uncertainties between the USA and China.
Currently, Volkswagen has two factories in India that produced about one percent of the vehicles delivered worldwide last year. The company aims to capture five percent of the Indian market by the end of the decade. Škoda, a subsidiary of Volkswagen, has announced plans to design and produce a new model of a compact sports utility vehicle for the Indian market by the first half of next year. Additionally, Indian automobile manufacturer Mahindra has secured the use of key electrical components from Volkswagen’s open platform for electric vehicles through a contract signed in February.
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