Tuesday, June 07, 2005

VW to build cars in India in 2006

German business daily Handelsblatt has reported that VW will start building VW brand cars in India in 2006, citing local car parts suppliers. VW had previously agreed to a CKD (completely knocked down) factory, however, Andhra Pradesh minister, Botsa Satyanarayana, said that VW has agreed to build a full manufacturing plant, investing $900 million dollars.

Article: Reuters India : Expatia : Forbes.com

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