Volkswagen: Difference between revisions

On February 23 2022, CFO Arno Antlitz said that Volkswagen plans to invest more in India as US-China tensions rises and China's seeming support for Russia's invasion of Ukraine becomes apparent. He added that India has enormous growth potential as its population exceeded that of China in 2022. Also, majority of its population is under the age of 30<ref name=":3">https://www.bloomberg.com/news/articles/2023-02-23/volkswagen-to-revisit-india-amid-china-geopolitical-uncertainty</ref>. This is particularly true since Skoda India deliveries grew by 127.7% year-over-year in 2022 to 51,900<ref>https://www.investmentwiki.org/wiki/Volkswagen:Brand_overview</ref>.  Antlitz also pointed out that Volkswagen will try to avoid price discounts in the coming months as global economy worsens and demand declines<ref name=":3" />.