Volkswagen India is once again a completely owned subsidiary of the German automobile manufacturer Volkswagen. This company was founded in the year 2007.
Mahesh Kodumudi is the current President and Managing Director of the multiple car brands owning group. With an investment of around Rs 4000 crores, Volkswagen India managed to set up a stellar manufacturing plant at Chakan in the state of Maharashtra with an annual capacity of 200000 vehicles.
The Volkswagen group also has another manufacturing facility at Aurangabad, Maharashtra entirely dedicated for the production of Audi vehicles. The Volkswagen India group leads the production of various luxury cars and sports utility vehicles such as Audi India, Porsche India, Skoda Auto India and Lamborghini. The company faced severe allegations and damage after being dragged into the Carbon Monoxide Emission Scandal. On the similar lines, the Volkswagen group halted the production of sedans, Vento and Rapid in the country. Despite the scandal, the company managed to sustain its revenue and profits from two of the major luxury brands under its umbrella: Audi and Porsche.
The company has just rolled out its latest tailor made sub compact sedan AMEO for the Indian market by May 2016. Volkswagen is set to team with a leading Europe based taxi service provider app called Gett. This is supposed to not only increase production of Volkswagen group cars but also to increase its market share in the global forum. This subsidiary of the German car manufacturer has managed to sell 45,018 vehicles in the fiscal year of 2015. The company also holds a market share of 1.4% in the country’s automobile sector.