Volkswagen group’s sales and marketing VP, Christian Klingler, has once again reiterated that India is strategically one of the most important markets for the company, and VW plans to further invest and launch a range of new models in the coming years. Volkswagen has also confirmed that they are currently studying the market for launching the new hatchback, UP!, in India and China – however, no concrete decisions have been made as yet.
VW has also slammed the legal and taxation policy in the country – just days before the 2012-13 Union budget. The German auto major expects consistency in legal and taxation policies, so as to plan investment in India. The comments have come partly because of the changed VAT refund policy by Maharashtra state government, which impacted many manufacturers including VW, Mahindra and Bajaj. And probably also over the proposed additional taxes on diesel cars in the 2012-13 Budget that will certainly affect the demand for diesel cars.
Volkswagen has refused to provide any details of the future investment plans in India, but if any of the plans are to be rolled-out soon, we will know more after the 2012-13 budget.
VW has also slammed the legal and taxation policy in the country – just days before the 2012-13 Union budget. The German auto major expects consistency in legal and taxation policies, so as to plan investment in India. The comments have come partly because of the changed VAT refund policy by Maharashtra state government, which impacted many manufacturers including VW, Mahindra and Bajaj. And probably also over the proposed additional taxes on diesel cars in the 2012-13 Budget that will certainly affect the demand for diesel cars.
Volkswagen has refused to provide any details of the future investment plans in India, but if any of the plans are to be rolled-out soon, we will know more after the 2012-13 budget.
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