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#China #ChinaNews #Asia #India #Germany #Industry #EVs #Europe #Volkswagen
Despite both being major nations with populations of 1.4 billion, China and India have seen their automotive markets evolve in vastly different directions.
For instance, Germany’s Volkswagen once aimed to turn India into a “second China market,” investing around €2 billion to build local factories and roll out multiple vehicle models.
Yet, after struggling for a full 25 years, not only has Volkswagen failed to turn a profit, but it now faces accusations from India of “deliberately” underreporting import duties—allegedly evading $1.4 billion in taxes.
Even more intriguing is that while India pursued these back taxes and penalties, Volkswagen was simultaneously negotiating with Indian authorities while quietly selling off equity and dismantling key equipment to ship back to Germany.
Notably, after successfully withdrawing some of its equipment, Volkswagen immediately announced plans to double down on the Chinese market, upgrading existing facilities to achieve an annual production capacity of 120,000 vehicles.
So, what exactly did Volkswagen experience in India that ultimately forced it to shift its focus back to China?
Let’s discuss this together!
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