Volkswagen denies phasing out Passat
- Under fire over Baru's revelation, Congress retorts by calling 'Vajpayee the weakest PM India ever had'
- BJP dancing to the tune of RSS; Lok Sabha elections battle between two completely different ideologies, says Sonia Gandhi
- Priyanka Gandhi denies report on fighting polls against Modi, says her focus remains Rae Bareli and Amethi
- After Sanjay Baru, former coal secretary Parakh's book embarrasses PM; 'Singh had little political authority'
- Elections 2014 Live: FIR filed against Hema Malini, Pawar campaigns for daughter Supriya
German automaker Volkswagen on Thursday denied it is phasing out its premium sedan Passat in India. The carmaker said it is working on a new generation Passat instead, which will be launched soon.
"We at Volkswagen continue to sell the current generation of the Passat through our dealer network. As with all our products, serviceability and availability of spares will never be an issue," Volkswagen said.
"Globally the next generation of the Passat is being readied and we shall introduce it in the Indian market at the appropriate time," the statement said.
Passat had a market share of 23% at the end of April-November 2013 period in the premium 3-litre sedan range while rival Skoda's Superb is the dominant player with 40% market share. The company sold 421 Passat's in the April-November 2013, a decline of 39% on a year-on-year basis.
- Security men at every step, Shinde keeps ‘safe distance’ from voters, debunks charges
- In Beed, Modi factor dents Munde’s goodwill among Muslims
- Ambareesh campaigns for Nilekani
- Raids on Bellary moneylender yield Rs 8.74 crore cash
- MP faces Amreli villagers’ ire in campaign
- JERC approves sale of solar power at Rs 1.13 per unit