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Volkswagen

Bombay HC to hear Volkswagen's plea against $1.4 bn tax notice on Feb 17

The Bombay High Court on Wednesday said it would hear on February 17 a plea filed by Skoda Auto Volkswagen India challenging the tax demand of USD 1.4 billion by Indian customs authorities. The Volkswagen group, currently led in the country by Skoda Auto Volkswagen India, has been accused of deliberately misleading customs authorities through its mode of import of parts as individual units rather than as a component of a 'completely knocked down' (CKD) unit, which attracts higher import duty. The automobile company last month filed a petition in the HC, challenging a show-cause notice issued by the authorities in September 2024 under the Customs Act. On Wednesday, the company's counsels mentioned the plea before a division bench of Justices B P Colabawalla and Firdosh Pooniwalla, seeking urgent hearing. The high court agreed to hear the plea on February 17. The notice alleged that the company misclassified its imports of Audi, Skoda and Volkswagen cars as "individual parts" instea

Bombay HC to hear Volkswagen's plea against $1.4 bn tax notice on Feb 17
Updated On : 05 Feb 2025 | 1:48 PM IST

Volkswagen sues India to quash 'enormous' $1.4 billion tax demand

Volkswagen's unit, Skoda Auto Volkswagen India, also told the High Court in Mumbai tax dispute puts at risk its investments of $1.5 billion in India, and is detrimental to foreign investment climate

Volkswagen sues India to quash 'enormous' $1.4 billion tax demand
Updated On : 02 Feb 2025 | 10:29 PM IST

Chinese buyers likely interested in unwanted German Volkswagen factories

Buying a factory would allow China to build influence in Germany's prized auto industry, home to some of the oldest and most prestigious car brands

Chinese buyers likely interested in unwanted German Volkswagen factories
Updated On : 16 Jan 2025 | 11:09 AM IST

Amid competition & delays, Volkswagen faces another year without new EVs

The manufacturer's deliveries risk slumping again because its namesake VW brand doesn't have a new electric car coming in 2025

Amid competition & delays, Volkswagen faces another year without new EVs
Updated On : 15 Jan 2025 | 12:43 PM IST

Volkswagen Golf GTI to rev up India's hot hatch scene in August 2025

Volkswagen will bring the Golf GTI under the government's homologation-free import scheme which allows imports of 2,500 units without meeting local testing norms

Volkswagen Golf GTI to rev up India's hot hatch scene in August 2025
Updated On : 05 Jan 2025 | 11:22 AM IST

Volkswagen, labour unions continue talks over plant closures and pay cuts

Talks have been ongoing since Monday in hopes of reaching an agreement before Christmas to prevent massive strikes

Volkswagen, labour unions continue talks over plant closures and pay cuts
Updated On : 19 Dec 2024 | 10:03 AM IST

VW, unions resume last-ditch round of talks for the year on cost cuts

Talks ended after around 13 hours of negotiation in the early hours on Tuesday without a deal but would resume mid-morning, a spokesperson for IG Metall union said

VW, unions resume last-ditch round of talks for the year on cost cuts
Updated On : 17 Dec 2024 | 2:51 PM IST

VW workers step up strikes in order to fight German plant closures

The IG Metall union said workers would down tools for four hours at nine different sites in so-called "warning" strikes across the country

VW workers step up strikes in order to fight German plant closures
Updated On : 05 Dec 2024 | 11:26 PM IST

Workers of nine Volkswagen plants to strike as labour battle escalates

Labour union last week proposed measures it said would save 1.5 billion euros ($1.6 billion), including forgoing bonuses for 2025 and 2026, which Europe's top carmaker dismissed

Workers of nine Volkswagen plants to strike as labour battle escalates
Updated On : 02 Dec 2024 | 11:11 AM IST

Volkswagen workers to go on warning strikes at plants across Germany

"If necessary, this will be the toughest collective bargaining battle Volkswagen has ever seen," IG Metall negotiator Thorsten Groeger said in a statement

Volkswagen workers to go on warning strikes at plants across Germany
Updated On : 01 Dec 2024 | 8:35 PM IST

Amid human rights concerns, Volkswagen to exit China's Xinjiang plant

Amid allegations of Uyghur rights abuses, Volkswagen and SAIC will sell their Xinjiang plant and testing tracks in Turpan and Shanghai's Anting to SMVIC

Amid human rights concerns, Volkswagen to exit China's Xinjiang plant
Updated On : 27 Nov 2024 | 4:09 PM IST

VW workers' union propose $1.6 billion of cuts, but no plant closures

The IG Metall union, arguing the company was trying to push through more than 17 billion euros in cuts, said its offer was also contingent on stakeholders

VW workers' union propose $1.6 billion of cuts, but no plant closures
Updated On : 20 Nov 2024 | 11:32 PM IST

In high-wage Germany, Volkswagen's labour costs outstrip the competition

Management will start the next round of negotiations with unions representing roughly 120,000 German workers on Thursday. Unions are demanding a 7 per cent pay rise

In high-wage Germany, Volkswagen's labour costs outstrip the competition
Updated On : 20 Nov 2024 | 12:03 PM IST

Volkswagen raises its investment in Rivian by 16% to $5.8 billion

Shares in the US EV maker, valued at over $11 billion, rose nearly 9 per cent in extended trading

Volkswagen raises its investment in Rivian by 16% to $5.8 billion
Updated On : 13 Nov 2024 | 9:41 AM IST

Volkswagen labour chief sounds alarm on mass layoffs, plant closures

Europe's biggest carmaker has been negotiating for weeks with unions over its plans to revamp its business and lower costs, including considering plant closures in Germany for the first time

Volkswagen labour chief sounds alarm on mass layoffs, plant closures
Updated On : 28 Oct 2024 | 11:19 PM IST

Germany must forge new policy to save its industry, says Chancellor Scholz

Fears of de-industrialization came into focus last month when carmaker Volkswagen announced it was considering for the first time in its history closing factories in Germany

Germany must forge new policy to save its industry, says Chancellor Scholz
Updated On : 16 Oct 2024 | 6:52 PM IST

Volkswagen may book up to $4.4 bn in provisions on capacity cuts: Jefferies

Volkswagen said earlier this month it was considering shutting plants in Germany for the first time in its history

Volkswagen may book up to $4.4 bn in provisions on capacity cuts: Jefferies
Updated On : 16 Sep 2024 | 2:14 PM IST

Germany's image as auto superpower hit by Volkswagen's slow decline

Germany is confronting the most symbolic moment yet in its story of industrial decline as its biggest manufacturer is poised to cross the Rubicon of factory closures

Germany's image as auto superpower hit by Volkswagen's slow decline
Updated On : 05 Sep 2024 | 10:24 AM IST

Volkswagen goes head-to-head with workforce over proposed cuts by company

Cavallo warned emotions will run high and management will be "very uncomfortable" at the meeting, expected to last several hours

Volkswagen goes head-to-head with workforce over proposed cuts by company
Updated On : 04 Sep 2024 | 11:36 AM IST

Volkswagen considers closure of historic German plant to cut cost

VW has lost almost a third of its stock market value over the past five years, making it the worst performing stock among the major European carmakers

Volkswagen considers closure of historic German plant to cut cost
Updated On : 02 Sep 2024 | 9:29 PM IST