Volkswagen, the German automobile manufacturer, has announced its plan to invest in India and locally manufacture electric vehicles. The move is seen as a significant step towards the company’s commitment to a sustainable future and reducing carbon emissions.
According to reports, the company is aiming to produce 50,000 electric vehicles annually in India, starting in 2025.
The investment comes at a time when the Indian government is pushing for a transition towards electric mobility, offering various incentives and subsidies to both manufacturers and consumers. Volkswagen’s move is expected to further accelerate the shift towards electric vehicles in the country.
Volkswagen has been gradually increasing its focus on electric vehicles and plans to have 70% of its European sales come from electric vehicles by 2030. The company has already launched its ID.4 electric SUV in Europe and is expected to launch the vehicle in India as well.
The announcement of Volkswagen’s investment in India is expected to create job opportunities and boost the country’s economy. It is also seen as a positive environmental development, as electric vehicles have a lower carbon footprint than traditional gasoline-powered vehicles.
Overall, Volkswagen’s decision to invest in India and locally manufacture electric vehicles is expected to significantly impact the automotive industry and the environment.