Global luxury carmakers plan to hike India outlays – Feedback

Foreign luxury car makers are planning to step up investments in India as they eye a record sale of high-end cars this year despite the mid-year hike in tax that temporarily disrupted volumes.

Volkswagen group is setting up a new engine assembly line in Aurangabad at Skoda Auto’s factory to locally produce 3-litre diesel engines, apart from localizing 2-litre diesel engine in Chakan factory. Audi’s rival BMW India is already exploring the second phase of investment in India has made a strong comeback over the last two years, say people in the know.

https://economictimes.indiatimes.com/industry/auto/news/passenger-vehicle/cars/global-luxury-carmakers-plan-to-hike-india-outlays/articleshow/61937565.cms

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