CURRENT AFFAIRS

Detailed explanation-1: -Volkswagen’s ‘India 2.0’ programme is in line with the Indian Government’s ‘Make in India’ movement which has sought to boost indigenous manufacturing and sourcing of components. The German group has already invested around US$675 million to its Pune plant – reportedly the biggest investment by a German company.

Detailed explanation-2: -The plan was set up at an investment of 30 million euro (Rs 240 crore). It was inaugurated by Maharashtra Chief Minister Devendra Fadnavis.

Detailed explanation-3: -Volkswagen has an engine assembly facility (an extension to the previously mentioned plant) built in 2015 at a cost of 240 crore (710 million euro) approximately at their state-of-the-art factory in Chakan, Pune respectively. The plant reportedly holds production capacity of about 98, 000 engines annually.

Detailed explanation-4: -Around 3 upcoming Volkswagen cars like Passat 2023, Tiguan Allspace 2023, Polo 2023 will be launched in India in 2023-2025. Among these 3 upcoming cars, there are 2 Sedans, 2 SUVs and 2 Hatchbacks. Of the above, 2 car is expected to launch in the next three months.

Detailed explanation-5: -SAVWIPL operates two manufacturing facilities – at Chakan, Pune and Shendra, Aurangabad. While the state-of-the-art plant at Pune manufactures the volume range of ŠKODA and Volkswagen brands, the Aurangabad facility is dedicated to producing premium offerings from ŠKODA, Volkswagen, and Audi.