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With the launch of Etios compact car, the company is likely to sell 1,50,000 units in 2011.
The target sales for Etios sedan and hatchback is 70,000 units and selling would start from January, he said.
We want to participate in the mainstream segment. So far we have been only in the premium segment,” he said.
The present level of localisation of Etios is 70 per cent and would reach 90 per cent in the next few years, he said.
The company is looking at expanding the dealership from 97 to 150 by 2011 end.
The second plant is said to come into act by the end of the month. The plant would roll out the Etios. Toyota’s investement in India is Rs 6000 crore so far – Stay Tuned !
With the launch of Etios compact car, the company is likely to sell 1,50,000 units in 2011.
The target sales for Etios sedan and hatchback is 70,000 units and selling would start from January, he said.
We want to participate in the mainstream segment. So far we have been only in the premium segment,” he said.
The present level of localisation of Etios is 70 per cent and would reach 90 per cent in the next few years, he said.
The company is looking at expanding the dealership from 97 to 150 by 2011 end.
The second plant is said to come into act by the end of the month. The plant would roll out the Etios. Toyota’s investement in India is Rs 6000 crore so far – Stay Tuned !
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29 November, 2010 Volkswagen Group, which sells luxury cars under the Audi, Volkswagen and Skoda brand names in the Indian market, is planning to double its sales this year, a company official said. He also mentioned that India, besides China, is among the fastest growing market in the luxury car segment.
“Last year we sold 19,000 units comprising the three makes. This year we expect to double the sales,” Maik Stephan, managing director of Volkswagen Group Sales India , said.
Volkswagen has an installed capacity of 1.10 lakh units per annum at its Pune and Aurangabad manufacturing plants, and does not have any investment plans at the moment, he said. VW has invested Rs 3,800 crore at Pune, which manufactures Skoda Fabia, Polo and Vento. The Aurangabad plant assembles Skoda, Volkswagen and Audi.
Stephan said that the group would aggressively expand the dealer network in the country.
