Volkswagen Expansion: Plans To Invest And Manufacture Electric Vehicles In India

The Volkswagen Group is currently finalising new investments to manufacture electric vehicles (EVs) in India in addition to other things like capacity expansion. The German business is getting ready to introduce its first electric vehicle (EV), ID.4, in 2024 after reviving sales volume in the local market with the introduction of new models under the India 2.0 plan.

According to a report in the Economic Times, the ID.4 will be put together at Volkswagen's manufacturing site in Aurangabad, Maharashtra, using imported parts and components.

Ashish Gupta, brand director for Volkswagen Passenger Cars, India, stated that the business seeks to localise as much as possible to operate sustainably in the sector, while refusing to disclose the investment amount. He indicated that in order to introduce a mass-produced electric automobile anytime between 2026 and 2027, they must begin planning immediately.

Over the next three to four years, overall 46 electric vehicles will be introduced to the Indian market. Although the EV market is expanding faster than anticipated, electrification in the automobile industry will "happen in steps" since the ecosystem is not yet ready and the battery accounts for up to 50% of an electric car's cost and the supply base is not yet ready, according to Gupta.

On April 19, MG Motor India will introduce the Comet EV in India at the company's Halol plant in Gujarat, it is the first item made there. The minicar's price will probably fall under the Rs 10 lakh range.