VW confirms low-cost car

Volkswagen will start production for a new low-cost car designed for the Chinese market in 2015.

1
photo
VW confirms low-cost car

New budget brand will produce a model to undercut the Up

Volkswagen boss Martin Winterkorn has stated that production of a new super-budget car will start in 2015.

During an interview for a German magazine, Winterkorn said,“We are developing a budget car for the price range between €6000 and €7000 (Rs 4.3 and 5.1 lakh). Some three million cars are sold in this segment each year in China alone.”

The development of the new car, according to Winterkorn, won’t be carried out entirely by Volkswagen. He told Der Speigel, “We have to adopt new methods. The base development will be carried out in Germany. It will then be further developed in China with our partner and produced from 2015."

Keeping the cost of the car so low is only possible by building and partly engineering the car in a low-cost country, with both parts and materials also being sourced locally. It’s likely that existing Volkswagen technology will be used in the new budget car, further helping to keep costs down.

Volkswagen’s technical chief, Ulrich Hackenberg, has previously confirmed that the car will eventually come in different body styles. The car will be sold under a new brand name that is yet to be confirmed.

Currently Volkswagen is focusing on creating the first example of the super-budget car for China, where it would also be built. Hackenberg told Autocar the car wouldn’t look cheap and it wasn’t designed to simply fulfil 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.”

Production of the new car is expected to begin in 2015. Initially available only in China, it may also later be offered in India.

Copyright (c) Autocar UK. All rights reserved.
See more about:  volkswagen, budget, polo, vento, skoda
The Renault Lodgy may just have what it takes to worry the Toyota Innova. We have an exclusive India drive, and a whole lot more in our March 2015 issue.
What's in this issue?

comments powered by Disqus

notSet

New budget brand will produce a model to undercut the Up
Most Read
Latest News
Mercedes GLC in works
In line with Mercedes’ new nomenclature, this car is badged GLC rather...
6 hours ago   2 pictures
Mini Clubman Vision Gran Turismo unveiled
The Clubman Vision Gran Turismo race car has a claimed 0-100kph time of 3.5...
9 hours ago   4 pictures
Rolls Royce Phantom coupe ‘Al-Adiyat’ unveiled
‘Al-Adiyat’ collection to include one Phantom coupe and nine...
1 day 6 hours ago   7 pictures
Budget 2015-16 focuses on improving infrastructure
Around Rs 70,000 crore has been set aside for this cause, and there are...
1 day 11 hours ago   1 picture
Mercedes-AMG GT3 will debut in Geneva
This race-inspired version of the AMG GT gets a 6.3-litre V8 engine that...
1 day 14 hours ago   4 pictures

Autocar Magazine

Issue: 187 | Autocar India: March 2015

The Renault Lodgy may just have what it takes to worry the Toyota Innova. We have an exclusive India drive, and a whole lot more in our March 2015 issue.
Autocar Magazine