Volkswagen India's (VWI) Chakan plant inaugurated recently. The car, VWIs first locally made product in the Indian market, will be unveiled at New Delhis Auto Expo in January 2010, with commercial production to follow. The plant has installed capacity of producing 110,000 cars. Time taken for a Polo or Fabia to start at the press shop and end at the final roll out will take around 18 hours. VWIs Chakan plant has provision to manufacture cars on two independent platforms, one of which will begin commercial production of Group company Skodas compact car Fabia by the middle of next month. The Polo will also be produced on this platform. Since plans are afoot to progressively increase the degree of local content in the Polo. Localisation will be 35 per cent against 98 per cent in Germany. The current strength of 720 workers will touch 2,500 by the end of 2010. The company will apply two-shift theory. Dr John Chacko, Technical Managing Director, suggested that this plant would work only two shifts even at peak production, whereas most plants work three-shifts in Germany. Mr Cahcko said that there will be a maximum two hour gap between the end of one and the start of the other. In this way, the theory is meant for workers would have to finish their work before others get in. VWs plant in Russia also conforms to this pattern, so will the one in the US.
Dr Philipp Rosler, the Minister of Economics, Labour and Transportation of the German Federal State of Lower Saxony flagged off trial production of the Polo at Chakan plant. Dr Rosler, who was accompanied by a 30-strong delegation of business leaders from the German State, said, We are interested in the progress of the company which is headquartered in our State. We also hope to improve our partnership with the Indian economy. Lower Saxony State holds a 20.1 per cent stake in the parent company Volkswagen AG.
Volkswagen Aktiengesellschaft generated an operating profit and increased its liquidity in the first quarter of fiscal year 2009. The Group’s operating profit amounted to €312 million. The sale of the Brazilian commercial vehicles business contributed around €600 million to this. Automotive net liquidity rose to €10.7 billion compared with the end of 2008. The Group’s unit sales declined by approximately 16 percent in the first three months, production has been cut by around a quarter and inventories reduced significantly as a result.
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