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
India’s first proper sportscar, the DC Avanti, driven, the new Mini Cooper D road tested, a pair of exciting new Marutis and a whole lot more, in this month’s 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 GLS SUV facelift in the works
The Mercedes GLS SUV (previously GL) facelift gets some new design changes...
9 hours ago   1 picture
Suzuki to stop Inazuma production in India
Suzuki will stop producing the Suzuki Inazuma by March next year due to low...
9 hours ago   1 picture
Nissan to increase prices in January 2015
Nissan vehicle prices to go up by 2.5 percent, Datsun vehicles to be dearer...
12 hours ago   1 picture
Harley-Davidson opens two new dealerships
The new dealerships in Surat and Bangalore are the first and second outlets...
13 hours ago   3 pictures
Mercedes CLA sedan to launch in early 2015
Most affordable Mercedes sedan will come with a 2.2-litre diesel and a...
18 hours ago   1 picture

Autocar Magazine

Issue: 184 | Autocar India: December 2014

India’s first proper sportscar, the DC Avanti, driven, the new Mini Cooper D road tested, a pair of exciting new Marutis and a whole lot more, in this month’s issue.
Autocar Magazine
Latest Poll
Will you be paying more for safety features in next car purchase after the recent crash test results?



or View results
Yes
  83%
 
No
  5%
 
Depends on extra cost.
  12%
TOTAL VOTES: 175

Vote now
View previous Polls »