Search EN menu en EIB GROUP CLIENT PORTAL
Close EIB GROUP CLIENT PORTAL
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

VOLKSWAGEN INDIA

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
India : € 100,000,000
Industry : € 100,000,000
Signature date(s)
15/09/2009 : € 100,000,000
Link to source
Data sheet
VOLKSWAGEN INDIA
Other links
Summary sheet
Volkswagen India
Related press
India: EUR 100 million loan to VW India from European Investment Bank

Summary sheet

Release date
10 March 2009
Status
Reference
Signed | 15/09/2009
20090004
Project name
Promoter - financial intermediary
Volkswagen India

Volkswagen India Private Limited

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million.
The project cost for the overall facility is estimated at EUR 580 million.
Location
Sector(s)
Description
Objectives

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.

Environmental aspects
Procurement

The project is expected to have no significant environmental impact.

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

Link to source
Summary sheet
Volkswagen India
Other links
Data sheet
VOLKSWAGEN INDIA
Related press
India: EUR 100 million loan to VW India from European Investment Bank

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

Link to source
Related press
India: EUR 100 million loan to VW India from European Investment Bank
Other links
Data sheet
VOLKSWAGEN INDIA
Summary sheet
Volkswagen India

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

Related publications