Volkswagen Aims To Invest 1,500 Cr In India In 6 Yrs

The company, which has already invested around 4,400 crore in the Indian market since 2007-2008, is now looking to expand its presence in the market by introducing products in the growing segments.

"In India, compact sports utility vehicle and compact sedan segment is growing and we are looking at it. Also, with the increase in income levels in the country people are also looking at higher segments as well so that's another area of interest for us," Volkswagen Passenger Cars Director Michael Mayer said.

Commenting on the new Polo, Mayer said the launch would help the company strengthen its position in the compact hatchback segment in the country.

 "If we look at Indian car market, we are not present in segments which are showing growth. New Polo will allow us to increase our market share in the compact hatchback segment," Mayer added.

The updated Polo with the petrol engines is priced between 4.99 lakh and 6.07 lakh, while the diesel variants are priced between 6.27 lakh and 7.37 lakh (ex-showroom Delhi).

Cross Polo would be available at 7.9 lakh while Polo GT TDI and Polo GT TSI, which would be launched at August-end would be priced 7.99 lakh each.

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