Delhi-based Minda Industries has signed a $15 million agreement with the Volkswagen to supply car headlights and rear combination lamps. It is the German automotive giant¡¯s first major sourcing agreement in India. The car parts will be used in VW models planned for launch sometime next year in the Indian market. Other parts would be used in cars planned for the Russian market. Volkswagen India president and managing director Joerg Mueller spoke about this deal with Minda: ¡°We plan to source largely from local vendors to keep our car prices low and competitive. We will launch Polo in two variants, a small car and a sedan sometime next year. We are working on a supplier¡¯s chain.¡± MIL managing director NK Minda added: ¡°We have signed a letter of intent with Volkswagen to supply automotive lighting, which will be made at our manufacturing plant in Pune. We will be working closely with Volkswagen¡¯s head office at Wolfsburg in Germany to develop the style and prototype of these products to meet quality and cost parameters. It¡¯s an all new technology that we are developing for them which will be used for the first time in India.¡±
- 0 ratings
Loading ...
1 comment
1. JASON (anonymous), Jun 11, 2008 7:46:20 AM #
it's a good article tells about Indian auto industry.