+1-888-308-5802     
News Contact Us

Volkswagen to merge three of its passenger car subsidiaries in India

Author : Paroma Bhattacharya | Published Date : 2019-04-05 
  • The restructuring of the VW Group in India comes under its India 2.0 project.
     
  • All VW Group brands like Volkswagen, Audi, Lamborghini, Porsche and Skoda would still retain their individual identities.

Volkswagen Group (VW), the renowned German multinational automobile group, has reportedly announced that it would be merging the group’s three Indian subsidiaries, Skoda Auto India Pvt. Ltd. (SAIPL), Volkswagen Group Sales India Pvt. Ltd & Volkswagen India Pvt. Ltd. (VWIPL).

Reports cite, the proposed merger has already been approved by the board members of all three VW subsidiaries in India. The restructuring of the VW Group in India comes under its India 2.0 project, under which Skoda India would be leading the merged entity in terms of engineering & product development. The marketing & sales operations would remain the same.

According to a report by Business Standard, all brands of VW Group like Volkswagen, Audi, Lamborghini, Porsche and Skoda would still retain their individual identities, including their own customer service initiatives & dealer networks. The brands would be working under Gurpratap Boparai, the present Managing Director of SAIPL & VWIPL.

The proposed merger would reportedly help the three group firms to capitalize on currently existing synergies & also significantly expedite the decision-making process. While the brands would be retaining their individualities, they would be following a common growth plan for the Indian automobile market.

The Managing Director of Skoda Auto India & Volkswagen India, Gurpratap Boparai stated that India is a crucial & attractive growth market for Volkswagen. Through the proposed merger, the group intends to combine the managerial & technical expertise of all three VW entities to unlock the true potential of Volkswagen Group in the competitive Indian automotive market. Boparai further added that the merger would lead to quicker & more coordinated decision-making & significantly boost the group’s operating efficiencies.

According to reports, the proposed merger would now be subject to certain statutory & regulatory approvals.

About Author

Paroma Bhattacharya

Paroma Bhattacharya

Paroma Bhattacharya, having completed her post-graduation in Journalism and Mass Communication, started her career in writing with resourceful and informative content development across diverse fields. Having dealt in myriad topics ranging from business to real estate, she now pens down articles for fractovia.org and other portals. She can be contacted at- [email protected] | https://twitter.com/paromab1

Related News

Latest funding round of $114m helps Outreach join the unicorn club

Published Date: 2019-04-18         Author: Paroma Bhattacharya

Outreach Inc., a Microsoft backed software manufacturer, has recently been reported to cross the billion-dollar threshold, becoming a member of the unicorn startups club. The firm, that helps in automating essential but routine work for salespeople, raised nearly $114 million in a funding round a... Read More

OYO partners with Spain’s Hotelbeds to increase travel distribution

Published Date: 2019-04-16         Author: Paroma Bhattacharya

OYO Hotels & Homes, the SoftBank-backed Indian hospitality company, has reportedly partnered with Spanish firm Hotelbeds in a bid to gain access to over 60,000 travel buying intermediaries across the world. OYO said in a statement that the preferred agreement signifies OYO's first distrib... Read More

Leadfeeder secures €3.1 million to automate B2B lead generation

Published Date: 2019-04-11         Author: Paroma Bhattacharya

Helsinki-based startup Leadfeeder that supports B2B companies in generating new leads using website analytics, has secured €3.1 million in series A funding round led by Endeit Capital, a Dutch growth capital firm along with Finland’s Vendep Capital and Superhero Capital participating. ... Read More

© 2019 Fractovia. All Rights Reserved