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Volkswagen India

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Volkswagen India

  •  Reference: 20090004
  •  Release date: 10 March 2009
Promoter – Financial Intermediary

Volkswagen India Private Limited

Location
Description

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.

Objectives

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.

Comments
 
Sector(s)
Proposed EIB finance (Approximate amount)

EUR 100 million.

Total cost (Approximate amount)

The project cost for the overall facility is estimated at EUR 580 million.

Environmental aspects

The project is expected to have no significant environmental impact.

Procurement

Procurement is expected to be in line with EIB guidelines for private sector projects.

Status

Signed   -   15/09/2009.


Disclaimer

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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http://www.eib.org/projects/pipeline/2009/20090004.htm