Volkswagen may be working on budget car for the Indian market using existing technology from Polo and the Chinese market Jetta, according to a report.
There is no timeline set for the budget car for India, but would be introduced after its low cost Chinese car that would cost 5400 British Pounds or Rs 472230.The car may get a new brand name.
In order to drive costs as low as possible, Hackenberg said "Not only would the car have to be built and partly-engineered in a low-cost country, but the materials would have to be sourced locally, and even the ‘second and third tier’ components would have to be localised."
"This car is not just about fulfilling the need for mobility. It has to have good styling and the owner should be able to upgrade the specification over time. The owner wants to be proud of the car," said Ulrich Hackenberg VW’s technical chief .