Officials at the announcement

Volkswagen Group is investing one billion euros into the implementation of the project, primarily between 2019 and 2021. To ensure closest-possible proximity to the market, a project centre is being set up in India where, for example, vehicle development will take place. As announced earlier, Škoda Auto will be responsible for leading Volkswagen Group's planned model campaign on the Indian market. Details of the ‘India 2.0' project were announced in New Delhi yesterday.

Škoda Auto CEO Bernhard Maier said, "Experts predict that in the next few years India is going to become the third-largest automotive market worldwide. With our ‘India 2.0' project we are now creating the right conditions for sustainable growth there. Our objective is ambitious, but achievable: together with the Volkswagen brand, we are seeking a market share of up to five per cent in the long term, depending on market and segment development."

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