Jul 03 2008
Luxury time for India
It is a great time for the Indian car buyer with so many new car models both Indian and international car manufacturers. The Indian car market has become so competitive with so many models in the market in every segment.
Take an instant of Volkswagen, the luxury car makers will launching at least two small cars in the Rs. 5 lakh segment in India in the next three-four years, one of which is likely to be the Up! Concept car that was unveiled recently and the other a model from group company Skoda Auto India Pvt. Ltd.
The company has also come up with big expansion plan with an investment of Rs3, 500 crore for India to set up the new plant, which makes it the largest German investment in the country. And also plans to build a vendor park for its suppliers in India at its 575-acre campus at Chakan.
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