Volkswagen India on Wednesday said it is looking to expand its dealer network and increase its market share to 20 per cent in the country by 2018.
“We plan to increase our dealer network from 150 to 1,000 by 2018, a time by which we should have a market share of 20 per cent in comparison to the existing 2.6 per cent,” Volkswagen (India) Director Group Service Dietmar Hildebrandt told reporters here.
With its India headquarters in Pune, Volkswagen Group has Rs. 3,800-crore investment in the country and an annual production capacity of 1.10 lakh cars. The company plans to have 50 lakh cars in India by 2018.
“We hope to achieve an annual production target of 1.5 lakh cars by 2013,” he said.
He also said that Volkswagen India is beginning co-operation with technical training institutes across the country to create employable talent for the industry.
“Through this initiative, Volkswagen will offer training and technical support to the institutes. We will create employable talent not only for Volkswagen India, but also for the industry,” he said after signing a memorandum of understanding with a private group of institutions here.