Friday, April 19, 2024

Built the world's cheapest car now they might 'take over' Volkswagen

Volkswagen cannot do it itself. At least not in India, where the group is now looking for a partner to share the costs with in a pressured car market.

Volkswagen's presence in India is actually managed by Škoda. In fact, the company is called Škoda Auto Volkswagen Pvt Ltd.

But it is an expensive game. So not the name, but converting the car market in India to electric cars. It requires many and often large investments that must be paid here and now.

That's what Rushlane.com writes.

And Volkswagen's Indian division does not believe it will be able to find the money for the investments. Therefore, the brand is now actively looking for a partner for a joint venture.

READ ALSO: 4,000 cars from Fisker are being investigated for a new critical fault

It is especially the hope of launching a cheap platform on which equally cheap electric cars can be built that makes Volkswagen look for a partner.

It is far from free to develop something. Not even if the idea is that the product should ultimately be cheap for the consumer. In other words, cheap cars for India's many millions of motorists.

In fact, Volkswagen is apparently ready to go so far as to share ownership of the Indian part of the VAG group with another car brand. Maybe even a local Indian brand.

Volkswagen in India has previously worked together with Tata Motors, which in Europe is probably best known for owning the Jaguar-Land Rover group and for launching the world's cheapest car, the Tata Nano, at DKK 12,500 in 2008.

Joint Venture partnerships are quite common in the automotive industry. Also among the European brands.

For example, Renault owned virtually all of Lada for many years, until in 2022 they sold it all back to the Russians for 10 Danish kroner.

And now Mercedes has sold its stake in another Russian brand to be able to withdraw completely from the country.Read more about it here .

Read more news from and about the automotive industry here!

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