German Auto giant Volkswagen is planning to roll out a India specific sedan soon from Its Pune plant .The company is also planning to invest Ra 720 crore in R& D in this sector. It also plans to add more product in its protfolio of cars in India . In a statement given by Andreas Lauermann Volkswagen India Pvt Ltd, President and Managing Director , ” We are following a long-term investment plan in India and with our latest investment we have reaffirmed our confidence in this growing automotive market. With the ramp-up of the new model, we will add more manpower and also create more jobs at our suppliers’ end”.
The investment will be made towards setting up equipments and ramping up the production of new compact sedan in the near future. This is the second step of investment after the engine assembly plant a year ago. Additionally, we will continue to invest further in increasing our productivity and efficiency,” Lauermann added. The new sedan is set to launch in Auto Expo in February next year. The company has so far invested more than 5500 crore in India at the Pune plant since the start of its operation in 2007.