Volkswagen India consolidates into new entity
- October 7, 2019
- Posted by: Simon Wait
- Category: Industry News
The ŠKODA AUTO led Volkswagen Group India, having secured the prerequisite regulatory and statutory approvals, announced the transformative merger of its three passenger car subsidiaries – Volkswagen India Private Limited (VWIPL), Volkswagen Group Sales India Private Limited (NSC) and ŠKODA AUTO India Private Limited (SAIPL).
The merger of three former Volkswagen Group entities is an important milestone in the ‘INDIA 2.0’ project. The merged entity will be referred to as ‘ŠKODA AUTO Volkswagen India Private Limited’ (SAVWIPL). The entity will be led by Gurpratap Boparai, who will assume the role of managing director. The company headquarters will be in Pune, Maharashtra, the two production facilities will be in Pune and Aurangabad, and there will be regional offices in Mumbai, New Delhi, and other locations across the country. The integration will make more efficient use of the existing synergies in this important growth market.
Bernhard Maier, ŠKODA AUTO CEO, said: “The operational launch of ŠKODA AUTO Volkswagen India Private Limited marks an important milestone in the INDIA 2.0 project. This merger creates one of the key prerequisites for working together more efficiently at all levels and achieving our long-term goal: to gain significant market shares for Volkswagen and ŠKODA by 2025. We will now proceed in a series of quick steps: As early as next year, we will be presenting a specific outlook for our INDIA 2.0 model portfolio at the Auto Expo in Delhi.”
The emergence of the merged entity with a strong brand portfolio – Volkswagen, ŠKODA, Audi, Porsche and Lamborghini is envisioned to serve across market segments and budgets. These brands shall retain their distinctive identities, dealer network as well as implementing their own customer experience initiatives. However, they will be pursuing a shared vision and strategy for the Indian subcontinent.