The Registrations of Volkswagen vehicles in India attained a value of 15,771 Units in 2020
The indicator recorded a historical decline (CAGR) of 31% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to decline at a CAGR of...
Vehicle industry in India post pandemic
The Indian car manufacturing industry has fluctuated between growth and decline in value and volume terms in recent years. The industry suffered a particularly steep decline in 2020 amid the COVID-19 pandemic. The industry looks set to recover in the forecast period. A key feature of the Indian industry during the historic period was the Indian government’s sudden decision to announce demonetization. The economic alarm that was ignited as a consequence of the government’s actions ultimately struck the country’s car manufacturing industry, as the sale of cars hit a 16-year low in December 2016. Though sales have recovered, it was on the back of heavy discounts in order to boost demand. As such, even though volume consumption levels recovered in the aftermath of the demonetization, the value of the market was not able to grow at the same pace.
Volkswagen AG (Volkswagen), a subsidiary of Porsche Automobil Holding SE, is an automobile manufacturer. The company develops vehicles and engines, and produces and sells passenger cars, trucks, buses and motorcycles, light commercial vehicles, genuine parts, turbomachinery, large-bore diesel engines, propulsion components, special gear units and testing systems. It also provides leasing, banking and insurance, dealer and customer financing, and fleet management and mobility services. Volkswagen markets products under brands such as Volkswagen, Porsche, Bugatti, Lamborghini, Bentley, Audi, Ducati, Scania, and MAN. It has operations in Europe, North America, South America, Asia Pacific, and other regions. The company has production facilities across the world. Volkswagen is headquartered in Wolfsburg, Niedersachsen, Germany.
Products & Services
Its products and services widely range into Passenger Cars, Luxury Sedans, Sport Utility Vehicles, Buses, Heavy Trucks, Coaches, Marine and Industrial Engines, Light Commercial Vehicles, Dealer and Customer Financing, Banking and Insurance Activities, Leasing, and Fleet Management.
Its major brand is constituted by Volkswagen, Porsche, SEAT, SKODA, Lamborghini, Bugatti, Bentley, Audi, Ducati, Scania, MAN, and Jetta.
Corporate Strategy and Initiatives
The company strives to provide individual and affordable mobility sustainable for its and future generations. It also focuses on new technology, design, and quality of its vehicles; brand equity; efficient, profitable, sustainable performance; focused, lean, trustworthy governance; and versatile, integrity and strong leadership.
In 2020, a year overshadowed by Covid-19, many of our employees worked for the common good to help contain the pandemic. Volkswagen South Africa converted a former factory into a hospital. In Spain, SEAT manufactured respiratory equipment. ŠKODA in the Czech Republic and Lamborghini in Italy produced surgical masks and face shields.
The new European Green Deal will increase Volkswagen’s battery requirements in 2030. To achieve the political climate targets, all-electric vehicles will have to make up more than half of the deliveries in Europe – significantly more than previously projected. This also means that in addition to our battery manufacturing facility in Salzgitter, we will need two more battery plants in Europe. Volkswagen is prepared for this – and supports the Green Deal as well as the Paris Climate Agreement.
Vehicle registration scenario
Volkswagen has remained consistent in the eighth position in total vehicle registrations in India from 2016 to 2019. In 2020, it’s rank slipped to eleventh position. However, GlobalData predicts its ranking to remain consistent or slip further below during the forecasted period.
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