Volkswagen targets 20 per cent market share in India by 2018
15 Feb 2011
Kolkata: German automobile major, Volkswagen, will aim for a 20 per cent market share in India by 2018 in terms of volume, according to company officials. It currently holds a two per cent market share.
'The size of the passenger car industry in India will be five million units by 2018 and we as a group are aiming at capturing 20 per cent market share then,' Neeraj Garg, director of Volkswagen Passenger Cars India, told reporters here.
The carmaker has seven cars in its portfolio.
'We have a widest range of price point - from Rs4.5 lakh to Rs75 lakh,' Garg said.
Having started operations in India just two years back, the company sold 32,000 cars in 2010 - a ten-fold increase over its 2009 tally of about 3,000 Polo and Vento cars.
The company has two manufacturing plants in India - one in Pune and the other in Aurangabad.
'In our Pune plant, which has the total capacity of manufacturing 110,000 cars, we recently made an investment to the tune of Rs3,800 crore,' Garg said.
The company now has 70 dealerships as compared to just 14 in 2009.