Volkswagen to launch new gen Tiguan SUV in India next year

Image
Press Trust of India Frankfurt
Last Updated : Sep 15 2015 | 3:32 PM IST
German auto major Volkswagen plans to launch the new generation of its most popular sports utility vehicle Tiguan in India next year.
Unveiling the new Tiguan here at the Frankfurt Motor Show, Volkswagen CEO Herbert Diess said the vehicle is a "proof of the strength of the Volkswagen" brand.
Since the launch of the model in 2007, the Tiguan has sold 2.6 million units so far, he said, adding it is the company's third most popular brand after the Golf and Polo.
Besides being an 'affordable' vehicle, the new Tiguan will also be a environmentally sustainable one as it is also being offered in plug in hybrid option as well, Diess added.
Company officials said the Tiguan is likely to be launched in the Indian market next year, where the appetite for SUVs is growing at a fast pace.
It is understood that VW Group firm Audi is also planning to start assembling engines in India. The group will make an announcement soon on fresh expansion in India.
Volkswagen is planning to make India a low-cost manufacturing hub, which will cater to emerging and developed markets.
Also, as part of Prime Minister Narendra Modi's 'Make-in-India' initiative, the company plans to spend Rs 1,500 crore on localisation and producing cost-effective products.
The company is also looking to increase the production capacity at the Chakan and Aurangabad units in the next two years to over 200,000 units by 2018 and add more new models from the Chakan plant.
*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: Sep 15 2015 | 3:32 PM IST

Next Story