Volkswagen Group wants to remain a strong player in Europe and China, but in the face of growing geopolitical tensions and an increasingly complex regulatory environment, the automaker is looking beyond the U.S. for markets with growth potential, Chief Financial Officer Arno Antlitz said.
“We are turning our attention to India to be more robustly positioned in this new world,” Antlitz said in an interview with Porsche Consulting Magazin.
“India has enormous growth potential in my view,” the CFO said.
The effort will mark yet another attempt by the company to break into the Indian market in a significant way.
The automaker’s earlier efforts to boost its presence in India have often been bruising experiences. An alliance with Suzuki ended in a fierce legal dispute before a single car was built and talks over teaming up with Jaguar-maker Tata Motors did not go anywhere.
But as U.S.-China tensions mount and the Asian giant’s seeming support of …