Volkswagen India has set up a parts and components business unit at its Pune Plant for exports.
Nearly 70 per cent of the parts exported will be manufactured and packaged at the Pune plant. The investment in developing the parts and components unit is Rs 56 crore (8 million Euro). About 215 new jobs will be created in the business unit at Volkswagen and its suppliers, the company said.
Volkswagen India has been exporting cars from its Pune plant from last one year as fully built units to markets such as South Africa, Sri Lanka, Nepal, Bangladesh, Malaysia.
With the parts and components business unit, the company marks the next step in its export business. It also supports the growth strategy of Volkswagen AG in the South East Asian region.
With this unit, Volkswagen India will export body parts and assembly parts of Volkswagen Vento and Volkswagen Polo to Malaysia where they will be assembled at the DRB Hicom Plant for the domestic market.
Commenting on this, Hubert Waltl, Member of the Board of Management of Volkswagen Passenger Cars Brand said, "Malaysia is a key market for Volkswagen in South East Asia region. Volkswagen Pune plant has the quality competence and perfectly fulfills the requirements to successfully export parts and components to Malaysia. The Parts and Components Business Unit is the next important strategic step for us to grow beyond the domestic market and contribute towards the growth strategy of Volkswagen AG in South East Asia region."
He added, "For our production plant, this is the next level of growth. Export is a future orientated business unit and it is our task to ensure that we fulfill the demand of the Malaysian market Apart from the Malaysian market, if there is a demand from any other region for parts and components, we are on the pole position to support."
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
