Volkswagen is reportedly increasing its investments in India to manufacture electric vehicles (EVs). The German firm is also looking to expand its capacity in the country. Volkswagen is planning to launch its first electric vehicle, the ID.4, in 2024.
The ID.4 will be assembled at Volkswagen’s manufacturing facility in Aurangabad, Maharashtra, from imported parts and components. Volkswagen Passenger Cars, India brand director Ashish Gupta stated that the company intends to localize as much as possible to operate sustainably in the segment, without disclosing the amount of investment. He stated that they must begin planning for a mass electric vehicle sometime between 2026 and 2027.
According to the report, 46 electric vehicles are set to be launched in the Indian market over the next three to four years. According to Gupta, the segment is growing faster than expected. However, the ecosystem is not prepared because electrification is likely to occur in stages.
According to Gupta, the supply base is not ready, and the battery can account for up to 50% of the cost of an electric vehicle.
Meanwhile, on April 19, MG Motor India will launch its Comet EV in India. It is the first vehicle built at Gujarat’s Halol plant. The mini car will most likely be priced under Rs 10 lakh.