Volkswagen to make India its export hub for auto components

Following its cues from other global auto biggies like General Motors, BMW and other Volkswagen AG is also jumping on the global sourcing bandwagon as the German luxury carmaker has decided to source auto components in huge sums within the next couple of years. As reported earlier, that Wolfsburg-based company has already set up its International Purchase office (IPO) in the country and is currently evaluating several component manufacturers in order to identify potential suppliers. But now, media reports suggest that it has already started sourcing components for our global operations — particularly for plants located in Russia and some European countries — in a small way Furthermore, VW aims to earmark India as an export hub for components to Europe in the next fre years.
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