Volkswagen Group plans to introduce an entry-level electric vehicle (EV) in India by the second-half of this decade, according to the CEO of its local unit. The company is actively working on the development of the EV, which requires a large investment. The goal is to justify the investment by achieving high volumes. In addition to the Indian market, Volkswagen is considering exporting the new EV to southeast Asia, GCC countries, and North Africa. The company also sees the potential to export cars made in India more easily due to regulatory and safety changes.
from Auto-Industry-Economic Times https://ift.tt/qW6MJ12
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