Skoda Auto Volkswagen India Private Limited, a new legal entity that will head the Volkswagen group of companies, showcased their future line-up of vehicles for India in New Delhi on Monday. While Skoda showed the Vision IN concept, Volkswagen showed their compact SUV, called Tiagun.

Addressing reporters, Bernhard Maier, chairman, board of management, and CEO of Skoda Auto, said: “We have sold 10.9 million units globally last year. Though India is a tender shoot in the global market and has experienced a high level of volatility, we believe the Indian market will only grow and will be the third largest auto market in the world.

“Skoda and Volkswagen together aim to achieve 5 per cent market share in the medium term of the Indian auto segment. India is one of our five sales markets.”

Vision IN Sourced by Telegraph

Stating that Skoda and Volkswagen have invested 1 billion euros in India in their India 2.0 programme, Miers said: “We are hoping to have some predictability in government policies. New legislations should have lead time for OEMs to bring right products at the right time.”

Based on the MQB-A0-IN platform, the two SUVs will be followed by two sedans from both Skoda and Volkswagen in the coming years.

The Vision IN production car will hit the market early next year as will the Volkswagen Tiagun. Both the compact SUVs will have a 90 per cent localisation at launch, which will be further enhanced to 95 per cent later, said Gurpratap Boparai, managing director of Skoda Auto. Both the vehicles, while being made for the Indian market, will be exported to Mexico, South Africa and other markets.