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Friday, 9 December 2011

To triple component sourcing from India to reach 300 million Euros by Volkswagen in 3-5 years

Volkswagen-jetta
Volkswagen which is a leading car maker of Germany aims to source more parts from India for its global operations. According to a report, the company hopes to triple its annual component sourcing out of India to over 300 million Euros (Rs 2,074 crore) over the next 3-5 years.

Volkswagen looks to double the number of component suppliers to over 200 to expand its range of spare parts made for global markets. This move, apart from helping Volkswagen source cost-effective components, will also help it increase its localisation to over 90 percent for its much awaited small car UP!, which will be launched here in the next two-three years. The higher localisation will help Volkswagen price its small car aggressively and take on market leaders Maruti Suzuki and Hyundai India.Automobile News

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