Volkswagen UP! could come to India in 2010

European automaker Volkswagen recently showcased their new small car project named Up!

They displayed this car at the Frankfurt Auto show on Monday and the company has now said that they are planning to bring this car to India by 2010.

Volkswagen CEO & chairman of the board Martin Winterkorn said in a statement: “We will manufacture Up! for emerging markets like India, Russia and China.”

He added that India is an important market for them and they need to generate volumes here to become a major player.

Winterkorn added on the probable pricing of this car: “The car will cost about 6,000 Euros (Rs 3,30,000) for Indian customers while it would be sold for 10,000 Euros (Rs 5,50,000) in Europe.”

The car is rear engined and still at a concept stage. Joerg Mueller, president, VW India had this to say on their Indian plans: “The Indian market is competitive and we will fight competition through our product innovations, technology, brand and affordable pricing.”