Volkswagen Upcoming Compact Sedan to be Priced Above Rs 5 Lac; Launch Next Year

Image
Sourabh Sharma Jaipur
Last Updated : May 30 2015 | 11:07 PM IST

A top official from Volkswagen said that the company is looking to introduce a compact sedan which will be priced above Rs 5 lac bracket. This new offering from the German automaker will compete with the likes of segment leader Maruti Suzuki Swift DZire, Honda Amaze, Hyundai Xcent and Tata Zest. The car is expected to be launched by next year.

On the 'India-specific' sedan next year, Volkswagen Managing Director Thierry Lespiaucq said, "It will be a compact Sedan and compatible with Indian conditions. The rollout will be most likely during next year." Mr Lespiaucq, however declined to comment on the price details, but said it won't be below Rs 5 lac.

Company’s MD Lespiaucq was in Coimbatore to inaugurate a new dealership where he also delivered 3,00,000th car in India. He also mentioned that the company is looking for multiple launches in next 24 months as Volkswagen is optimistic about continuing with their growth momentum in the Indian market. “We intend to bring to India more vehicles” with Beetle expected to be launched next year.

First and the most important of the four introductions will be a compact sedan, about which we’ve been hearing for quite long now. Developed ‘in and for’ the Indian market especially, as this segment doesn't exist elsewhere, the new compact sedan will enter one of the fastest growing and highly competitive segment.

Apart from the sub-compact sedan, the other three offerings will include the new Passat and the new model of iconic Beetle, while one would be a bigger SUV from their global portfolio, most probably the Tiguan, which will most likely follow the CKD route.

Source : Volkswagen Upcoming Compact Sedan to be Priced Above Rs 5 Lac; Launch Next Year

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: May 30 2015 | 6:20 PM IST

Next Story