Volkswagen says its open for synergy with Maruti in India
It is to be mentioned here that the Volkswagen Group had acquired 19.9 percent stake in the Japanese auto giant Suzuki Motor Corp in Oct last year. The company has already stated that the independent projects currently being pursued by both of these firms in Japan and Germany are being evaluated for market suitability. Mr Christian Klingler, Volkswagen (VW) management board member, has recently said in a statement given to a leading media group that there will be some projects which will hit the Indian market in coming years.
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It is to be mentioned here that the Volkswagen Group had acquired 19.9 percent stake in the Japanese auto giant Suzuki Motor Corp in Oct last year. The company has already stated that the independent projects currently being pursued by both of these firms in Japan and Germany are being evaluated for market suitability.
Mr Christian Klingler, Volkswagen (VW) management board member, has recently said in a statement given to a leading media group that there will be some projects which will hit the Indian market in coming years. On the question of possible synergy with Maruti Suzuki in India he said that there is a possibility of developing products together. Both of the companies are in the face of really exciting opportunities and they really want to come out when the projects have a certain degree of realization, he added.
Volkswagen can be considered as a new entrant in the Indian market as the company has recently established its first ever production facility in India at Chakan with a heavy investment of Rs 3,500 crore. The Chakan plant has an annual production capacity of 1.1 lakh cars. On the Other hand Maruti Suzuki India is the largest car maker in the country with holding about 55% market share in country's auto market.
