Volkswagen India arms merge into Skoda Auto Volkswagen India
The Skoda Auto-led Volkswagen Group India ...
The Skoda Auto-led Volkswagen Group India in early October announced the merger of its passenger car subsidiaries—Volkswagen India Private Ltd, Volkswagen Group Sales India Private Ltd and Skoda Auto India Private Ltd—into a new entity Skoda Auto Volkswagen India Private Ltd (SAVWIPL). “The Skoda Auto-led Volkswagen Group India, having secured the prerequisite regulatory and statutory approvals, announced the transformative merger of its three passenger car subsidiaries,” the company said in a statement.
The entity will be led by Gurpratap Boparai, who will assume the role of its Managing Director, the statement said, adding that the the company will be headquartered in Pune. It will operate production facilities in Pune and Aurangabad, and have regional offices in Mumbai, and New Delhi among other locations across the country. “The integration will make more efficient use of the existing synergies in this important growth market,” the statement said.