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The Volkswagen Group on Monday officially announced a commitment to invest more than Euro 1 billion (Rs 7,900 crore), as it aims to reboot its India business, with Czech unit Skoda Auto leading the charge.
The group has set a target of garnering a 5% market share in India between the Volkswagen and Skoda brands by 2025. The two put together currently have a share of less than 2% in the Indian passenger vehicle market of 3.27 million units a year.