Reuters reported on Thursday that Volkswagen wants to launch an affordable electric car in the Indian market by the second half of this decade. According to her, this was stated by the head of the Škoda Auto Volkswagen India division, Pijuš Arora.
“We are actively working on a basic electric car, it requires large investments. To justify a three-digit investment in a new product, we need volumes,” Arora said. “Electric cars won’t take off quickly in the Indian market, so we’re considering exporting this product,” added the carmaker’s manager this week. He added that the automaker is considering exporting the new electric car to Southeast Asia, the Gulf Cooperation Council (GCC) countries, and North Africa.
“The company is intensively testing the Škoda Enyaq electric sports utility vehicle (SUV) for a possible launch on the Indian market,” Arora also stated. However, he did not share the schedule.
“Currently, we have no concrete plans to launch a smaller and more affordable EV for India. We are constantly looking for new opportunities to offer our models to customers around the world. However, it is important to note that there are currently no plans to export Volkswagen Group’s smaller affordable EVs to India. We will continue to monitor the market and evaluate the feasibility of a possible future launch of electric cars in India,” Jína said in response.
Škoda Auto is responsible for the operations of all five Group brands in India. Several of them, including Skoda, have already announced their plans for smaller, more affordable electric cars. “We are currently intensively testing the possibility of introducing the Škoda Enyaq model to the Indian market, but the final decision has not yet been made,” added Jína.
Škoda sold almost 49,000 cars in India last year. India aims for electric cars to account for at least 30 percent of passenger car sales by 2030. So far this fiscal year, which ends March 31, it’s only two percent.
The German Volkswagen concern, which also includes Škoda Auto, is negotiating with potential partners about possible cooperation in the development of a planned electric car with a price of up to 20,000 euros (roughly 490,000 CZK) for Europe.