The Volkswagen Group intends to merge all passenger car entities in India

The Volkswagen Group intends to merge all passenger car entities in India

› The proposed merger has been considered and approved by the Boards of the three
companies: Volkswagen India Private Ltd (VWIPL), Volkswagen Group Sales India Private
Ltd (NSC) and SKODA AUTO India Private Ltd (SAIPL)
› The integration of the three entities is subject to regulatory and statutory approvals
› The restructuring of the Volkswagen Group companies is a significant milestone in the
ŠKODA-led ‘INDIA 2.0’ project and aims to sustainably strengthen the Volkswagen
Group’s position in India by increasing efficiency in existing synergies
› ŠKODA AUTO takes over steering responsibility of the Volkswagen Group in India

Mumbai/Pune/Aurangabad, 3 April 2019 – The Volkswagen Group has announced its intent
to merge its three Indian subsidiaries: Volkswagen India Private Ltd (VWIPL), Volkswagen
Group Sales India Private Ltd (NSC) and SKODA AUTO India Private Ltd (SAIPL). The merger
has been considered and approved by the Boards of the three companies in India and is
now subject to the necessary regulatory and statutory approvals. The restructuring of the
Volkswagen Group companies in India is an important milestone in the ŠKODA-led ‘INDIA
2.0’ project of the Volkswagen Group.
The proposed merger of the three companies will make more efficient use of the existing synergies
in developing this important growth market. The Volkswagen Group brands, viz. Volkswagen,
ŠKODA, Audi, Porsche and Lamborghini, will maintain their individual identities, dealer network and
customer experience initiatives. However, the brands will work under the leadership of Mr.
Gurpratap Boparai with a common strategy for the Indian market.
Mr. Gurpratap Boparai, Managing Director, Volkswagen India Private Ltd and SKODA AUTO India
Private Ltd commented, “India is an important and an attractive growth market for the Volkswagen
Group. With the proposed merger, we intend to combine the technical and managerial expertise of
the three companies to unlock the Volkswagen Group’s true potential in India’s competitive
automotive market. The integration will lead to coordinated and faster decision making and
increased efficiency using existing synergies.”
In July 2018, the Volkswagen Group confirmed investments of INR 8,000 crore (EUR 1 billion) in
the ‘INDIA 2.0’ project. In January 2019 the Technology Center was opened in Pune, laying the
foundation for the development of products based on the localised sub-compact MQB-A0-IN
platform tailored to the needs of customers in the Indian subcontinent. In the second phase of the
project, Volkswagen Group will be examining the possibility of exporting vehicles built in India.

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In existence since 1805, and across family generations, D’Ieteren seeks growth and value creation by pursuing a strategy on the long term for its businesses and actively encouraging and supporting them to develop their position in their industry or in their geographies. The Group has currently three activities articulated around strong brands:

 

D'Ieteren Auto distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles in Belgium. It is the country's number one car distributor, with a market share of around 21% and 1.2 million vehicles on the road. Sales and adjusted operating result reached respectively EUR 3.4 billion and EUR 113.0 million in 2018.

 

Belron (54.10% owned) has a clear purpose: “making a difference by solving people’s problems with real care”. It is the worldwide leader in vehicle glass repair and replacement and operates in 35 countries, through wholly owned businesses and franchises, with market leading brands – including Carglass®, Safelite® and Autoglass®. In addition, Belron manages vehicle glass and other insurance claims on behalf of insurance customers. It has also expanded its services into the automotive damage and home damage repair and replacement markets. Sales and adjusted operating result reached respectively EUR 3.8 billion and EUR 225.7 million in FY 2018.

 

Moleskine (100% owned) is a premium and aspirational lifestyle brand which develops and sells iconic branded notebooks and writing, travel and reading accessories through a multichannel distribution strategy across more than 115 countries. Sales and operating result reached respectively EUR 174.1 million and EUR 28.6 million in FY 2018.


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