Volkswagen UP! for Rs.3 Lakh!!

New Delhi, 24 May 2008: Europe’s maximal automobile maker, Volkswagen, plans to listing discover its low-priced automobile Up! at Rs 3 lakh in Bharat by 2010-11. It module be the cheapest automobile from the Volkswagen stable, which is meliorate famous for wealth cars aforementioned Audi and Phaeton.

Click here to effort intend the Honda Accord

Click here to effort intend the Honda CR-V

The cheapest automobile from the Teutonic automobile concern so farther has been from assemble consort Skoda, which sells the Fabia at Rs 5 lakh and above in India.

Volkswagen Bharat President & MD Joerg Mueller told a production here: “We are not in the Tata Nano segment, but impact a kindred broad profession diminutive automobile that conforms to concern country and emergence standards. UP! is currently in the construct initiate and module be acquirable in Bharat in the incoming threesome years. The automobile makes amend significance for India, which has some metros and cities that are visaged with parking and dirtying problems.”

India, the maximal diminutive automobile mart in the world, sells near to 1 meg much cars, which is 70% of its amount traveller automobile sales. Since it is ontogeny at threefold member every year, orbicular automobile makers, famous for their wealth sedans, poverty to touch the diminutive automobile mart in India. This is also because the automobile business in the U.S and aggregation are stagnant, with subprime crisis adding to their woes.

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The world’s digit maximal automobile makers, Toyota and General Motors, are also employed on ultra-cheap cars to delude in aborning markets. dweller field General Motors has connected the low-cost bandwagon and is nonindustrial its render economical $3,500 diminutive automobile in assorted orbicular R&D centres. GM head, aggregation Pacific, Nick Reilly had early said, “We are employed on our lower-cost structure and our engineers are nonindustrial something kindred to Tata’s Nano, but at a assorted toll point.” Toyota has said that antiquity a automobile to delude for $2,500 strength be arduous presented its orbicular calibre standards, but the consort is aiming on that toll point.

Under push from ascension lubricator prices, (which grazed a achievement $135/barrel), orbicular automobile makers impact prefabricated a beeline to contend in the low-cost segment. Pune-based Bajaj Auto is employed with land field Renault to amend a $2,500-car by 2010, patch South Korea’s Hyundai Motors is also nonindustrial a $4,000 automobile during the aforementioned period. Hyundai Motor Bharat president, Ashok Jha said, “India is predominantly a diminutive automobile mart and if every goes well, our low-cost cars currently in utilization initiate module impact the mart by 2010. Bharat module be digit of the best markets to impact much a car.”

Click here to effort intend the Hyundai Verna

Click here to effort intend the Hyundai Elantra

Volkswagen module combining its Teutonic profession with broad fix in Bharat to attain the planned toll for UP! “We module contend module another automobile manufacturers on price. We module utilise Volkswagen Group’s match plants at Aurangabad and upcoming Pune artefact to intend economics of bit for Bharat limited prices,” Mr Mueller said.

Tags: automobile industry, car maker, car makers, car market, cheap cars, concept stage, emission standards, fabia, german car, global car, global quality standards, group company, honda cr, joerg mueller, luxury cars, luxury sedans, passenger car sales, pollution problems, small car, world safety

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