skoda auto volkswagen

Volkswagen India unit faces $1.4 billion tax evasion notice

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Volkswagen India unit faces .4 billion tax evasion notice

India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by “wilfully” paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the biggest such demands. A notice dated Sept. 30 says Volkswagen used to import “almost the … Read more

India is a “strategic market” for Volkswagen: Piyush Arora, MD & CEO, Skoda Auto Volkswagen India

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India is a “strategic market” for Volkswagen: Piyush Arora, MD & CEO, Skoda Auto Volkswagen India

India is a “strategic market” for the Volkswagen Group, and it will continue to build on its product portfolio in the country, with or without a partner to capitalise on the growth opportunities here, Piyush Arora, Managing Director & CEO of Skoda Auto Volkswagen India told ET. Arora’s statements come amid media reports of a … Read more