Tuesday, December 31, 2013
By John Andrew
Volkswagen to spend 7.15 lakh crore till 2018
Volkswagen the German car maker has announced that it will make an investment of Rs. 7.15 lakh crore in global market in the next coming five years up to 2018. However this investment will not be applicable in Chinese market as there its Chinese collaborators will make an independent investment of Rs. 1.55 lakh crore during the same period.
In this amount of Rs. 7.15 lakh crore huge portion about 75 percent will be used for upgrading the existing line of its products including introduction of new vehicles in its line up followed by establishment of new dealers and service stations. Apart from it this amount would also be invested on research and development of new techniques.
On the other side its Chinese partners have not yet revealed any information regarding their future plans of investment and therefore company had not disclosed its investment plans for China. Apart from this company is also planning to enhance its percent of profit to double from existing 3.5 percent to 6 percent and to achieve this objective it has made some aggressive strategy.