|
|
|
|
Volkaswagen India arms merge into Skoda Auto Volkswagen India
|
|
|
|
| Top Stories |
 |
|
|
|
SME Times News Bureau | 08 Oct, 2019
The Skoda Auto-led Volkswagen Group India on Monday announced the merger
of its passenger car subsidiaries -- Volkswagen India Private Ltd,
Volkswagen Group Sales India Private Ltd and Skoda Auto India Private
Ltd -- into a new entity Skoda Auto Volkswagen India Private Ltd
(SAVWIPL).
"The Skoda Auto-led Volkswagen Group India, having
secured the prerequisite regulatory and statutory approvals, announced
the transformative merger of its three passenger car subsidiaries," the
company said in a statement.
The entity will be led by Gurpratap
Boparai, who will assume the role of its Managing Director, the
statement said, adding that the the company will be headquartered in
Pune. It will operate production facilities in Pune and Aurangabad, and
have regional offices in Mumbai, and New Delhi among other locations
across the country.
"The integration will make more efficient use of the existing synergies in this important growth market," the statement said.
Commenting
on the merger, Boparai, who would take over as the Managing Director of
the merged entity, said: "With this merger, we plan to combine the
technology and management expertise of our team in India and realise our
true potential in a challenging, competitive environment. We want to
further strengthen our presence in India, ensure the professional
development of our employees and safeguard sustainable profitability for
our dealers."
The statement further said that with the emergence
of the merged entity, the brands Skoda Auto, Volkswagen, Audi, Porsche
and Lamborghini are envisioned to serve across market segments and
budgets. These brands shall retain their distinctive identities, dealer
network as well as implement their own customer experience initiatives,
it added.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 22 Oct, 2019 |
|
|
| Daily Poll |
 |
 |
| Is the Union Budget 2019 MSME-friendly? |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
