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| VW begins component sourcing from India |
| BS Reporter / Chennai Oct 06, 2009, 00:51 IST |
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German auto major Volkswagen says it has started sourcing auto components from here for its European factories.
India would become one of the major sources of components for our global units, said Jörg Müller, President and Managing Director of Volkswagen Group India.
The company has also set a target to capture 8-10 per cent of market share in the passenger car segment in India by 2014, with a series of launches and by doubling the number of its dealers.
Speaking to select media representatives here on Sunday, Müller said VW had started sourcing components from India to its Russian plant. He said they were looking at sourcing light systems, plastic-related items and metals for the European plants.
On VW’s operations in India, Müller said,“We sold 1,800 units during January-August this year,” he said. The company has 15 models and has lined up five more launches, including hatchback and sedan versions of the Polo next year from its Rs 3,800-crore factory in Pune.
Localisation in the Polo would be 50 per cent to start with, to be increased to 75 per cent, said Müller. To increase the penetration, the company is planning to increase the number of dealers to 200 by 2012 from 120, he added.
The Pune plant represents the largest investment to date by a German company in the country. The plan is to employ 2,500 people there by the end of 2010.
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