Volkswagen Group to invest 100 million euros on new models, localisation in India.

German auto giant Volkswagen Group is planning to invest about 100 million euros (over Rs. 800 crore) in India to expand business, including launches of sedan and SUV in the compact segment along with a hatchback.

'At present, an investment of approximately 100 million euros is in the decision process for new models and for further localisation of parts and components,' Volkswagen India President and Managing Director Mahesh Kodumudi told a news agency.

ET