VW Market Share

German automotive group Volkswagen is looking at India as a potential market for its affordable small electric cars and is working with partners on how to best introduce them in the market, its CEO Oliver Blume said on Sunday. The group, which presented an all-electric small car family in its entirety for the first time at IAA Mobility, feels that the reduction of goods and services tax (GST) on automobiles in India makes the Indian automotive market, already the third largest, more attractive, Blume told PTI here on the sidelines of the event. Under the electric small car family, the VW Group showcased 'ID. CROSS Concept' SUV from Volkswagen brand, Skoda Epiq SUV along with sister models Volkswagen ID. Polo and CUPRA Raval. Blume said the group has been working on the entry level electric mobility across its various brands to offer affordable sustainable mobility under its project called electric urban car family. When asked how the group is looking at India as a market for the ..

BMW shares plunged after the company disclosed the spiraling cost of a recall affecting 1.5 million vehicles due to faults with their Continental AG braking systems

VW has a market share of around 1.5% in the country