The project comprises the investment in a new passenger car manufacturing facility in Pune (Maharashtra) for the production of 110 000 units per year of three small, advanced car models, customised for the local market.
The investment thereby contributes to foreign direct investment in India and strengthens the presence of EU manufacturing companies in the region. Furhermore, it will contribute to the introduction of modern, fuel-efficient powertrain technology to India, enabling VW to comply with the gradual tightening of GHG emissions legislation in India.
The project cost for the overall facility is estimated at EUR 580 million.
The project is expected to have no significant environmental impact.
Procurement is expected to be in line with EIB guidelines for private sector projects.
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).
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