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
With a whole lot of new cars being launched just around the corner, there’s a lot to be excited about in the coming months. Read our annual rundown of the most exciting cars worth waiting for.
What's in this issue?

comments powered by Disqus

VW confirms low-cost car

notSet

New budget brand will produce a model to undercut the Up
Most Read
Latest News
Hero MotoCorp opens fourth facility in India
Hero MotorCorp also plans to build two more plants after this one becomes...
3 hours ago   1 picture
Yamaha SZ-RR launched at Rs 65,300
The new Yamaha SZ-RR comes with the same engine as the new FZ 2.0. The 149cc...
4 hours ago   1 picture
Nico Hulkenberg stays on with Force India for 2015 F1 season
The German is currently eighth in the drivers' championship, having scored...
7 hours ago   1 picture
Suzuki Gixxer vs Yamaha FZ-S V2.0 comparison
We bring India's top two streetbikes together in a no-holds-barred duel for...
8 hours ago   2 pictures
Fiat Avventura vs rivals - specifications comparison
We pit Fiat's newest Avventura crossover against the Ford EcoSport,...
11 hours ago   4 pictures

Autocar Magazine

Issue: 182 | October 2014

With a whole lot of new cars being launched just around the corner, there’s a lot to be excited about in the coming months. Read our annual rundown of the most exciting cars worth waiting for.
Autocar Magazine
Latest Poll
Which one of these luxury small SUVs would you buy?



or View results
Audi Q3
  39%
 
Mercedes-Benz GLA
  48%
 
BMW X1
  13%
TOTAL VOTES: 842

Vote now
View previous Polls »