Volkswagen to launch premium hatchback next year
August 28th, 2009 - 5:47 pm ICT by IANSNew Delhi, Aug 28 (IANS) German car maker Volkswagen Friday said it would launch its premium hatchback Polo in India by early next year and that its sedan version would hit the market a few months later.
“The company is looking at an 8-10 percent market share in four-six years,” Jochem Heizmann, member of Volkswagen’s board of management, told reporters on the margins of the annual convention of the Society of Indian Automobile Manufacturers (SIAM).
He, however, declined to divulge any details about the car’s price.
Volkswagen currently sells its Passat and Jetta sedans in India as well as the premium Phaeton and sports utility vehicle Touareg.
The new Polo will be positioned to compete against the likes of Maruti Suzuki Swift and Hyundai i10.
The company has two assembly lines in Pune and Aurangabad, both in Maharastra. Polo will be manufactured at the company’s new Chakan plant near Pune where the company assembles Passat.
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- Volkswagen to launch new Jetta variant mid-2011 - Apr 08, 2011
- Volkswagen unveils Polo model, launch this year - Jan 05, 2010
- German President visits Volkswagen plant at Pune - Feb 05, 2010
- Volkswagen plans to invest $1 bn in Mexico - Jul 08, 2010
- Volkswagen India plans to double distribution network - Sep 25, 2009
- Volkswagen to launch Polo, Vento variants - Sep 07, 2011
- Hyundai to showcase multi-purpose vehicle HND-7 at Auto Expo - Dec 29, 2011
- Volkswagen expects 2 mn car sales in India by 2014 - Aug 28, 2009
- Volkswagen launches Touareg, Beetle variants - Jan 05, 2012
- Volkswagen eyeing 20 percent market share by 2018 - Feb 15, 2011
- New launches to dazzle visitors at Auto Expo - Jan 01, 2012
- Skoda starts production of entry-level sedan Rapid - Oct 07, 2011
- Auto industry to entice customers with new launches in 2011 - Jan 16, 2011
- Mega-launches, big-ticket announcements at Delhi Auto Expo - Jan 03, 2012
Tags: assembly lines, car maker, chakan, german car, hyundai, indian automobile manufacturers, jetta, margins, market share, maruti suzuki swift, New Delhi, new polo, passat, phaeton, pune, s board, sedans, sports utility vehicle, suzuki swift, volkswagen