VW plans to electrify 30% of its cars in India
1 year, 8 months ago

VW plans to electrify 30% of its cars in India

Live Mint  

Volkswagen AG’s Indian arm is planning to electrify 30% of its passenger vehicle portfolio by 2030, and will build a dedicated electric vehicle platform to manufacture them locally, the company’s brand director Ashish Gupta said in an interview. ID.4, Volkswagen’s top-selling electric car globally, will initially be assembled in India, before it localizes a ground-up electric vehicle platform to achieve scale and competitive pricing. This could entail an investment of €1 billion, in line with its investment for Skoda Auto Volkswagen India 2.0 project, said Gupta, although the group hasn’t made a formal announcement about the investment yet. “When we bring our own electric car to India, it will definitely be a ground-up new product.” Volkswagen has been testing the ID.4 in India since 2022, planning for a 2023 launch.

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