Three companies that are part of the Volkswagen Group are set to merge into a single entity on September 21, 2019. These include Volkswagen India Private Limited, Volkswagen Group Sales India Private Limited and Skoda Auto India Private Limited. The merged company will be called Skoda Auto Volkswagen India Private Limited.
The merger, which is part of the India 2.0 project was approved by the boards of the three companies back in April 2019 and was pending regulatory and statutory approval. The intention behind it was to combine the technical and managerial expertise of the three companies. The company also hopes to increase efficiency.
The merger is also said to mark the beginning of the Indian 2.0 project.
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