Germany's Volkswagen group lines up 1 bn euros to launch new models in India

New Delhi: Germany's Volkswagen group, led by Czech automaker Skoda, plans to invest around 1 billion euros (over Rs 7,800 crore) in India over the next few years to develop six new models. Skoda is driving the emerging market strategy for the VW group and is leading the development process for new models in India which are expected to be rolled out post 2020 when new regulations related to safety and emissions come into force in the country. The proposed six new models, three each under Skoda and Volkswagen brands, would cater mainly to the domestic market.