Volkswagen is in advanced discussions regarding a potential partnership for passenger car production in India, according to the company's CFO, Arno Antlitz. Speaking at the Reuters Events Automotive Europe conference in Munich, Antlitz emphasized the seriousness of the talks, though he did not provide specific details.
Antlitz highlighted India's significant market potential and strategic importance amidst growing regulatory uncertainties between the U.S. and China. He noted that India could present a valuable opportunity for Volkswagen, particularly given the risks associated with the escalating trade tensions between Washington and Beijing.
This development follows Volkswagen's February agreement with India's Mahindra, which focuses on the supply of key electric vehicle components. Despite India currently representing a small market for Volkswagen, with 101,553 vehicles delivered in 2023—just over 1% of the group's global deliveries—the company sees promise in further expanding its footprint in the region.
Volkswagen operates two manufacturing plants in India, located in Aurangabad and Pune. The Pune plant has an annual production capacity of up to 200,000 cars. The German automaker is present in the Indian market with several brands, including SKODA, Volkswagen, Audi, Porsche, and Lamborghini.
"We are exploring various options, and there is a clear opportunity for collaboration in passenger cars," Antlitz stated.
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