The company will launch five products, including the iconic Beetle and its popular SUV Tiguan, in India in next two years to strengthen its presence here. It also plans to launch the 8th generation of Passat sedan and brand new sports utility vehicle Tiguan.

The company had first launched Vento in 2010 and since then has sold around 1.10 lakh units of the sedan.

Volkswagen is planning to make India a low-cost manufacturing hub, which will cater to emerging and developed markets. The company plans to invest Rs. 1,500 crore on localisation and producing cost-effective products. It also plans to increase the production capacity at the Chakan and Aurangabad units in the next two years.

Volkswagen plans to increase its production to two lakh units by 2018 and add more new models from the Chakan plant. In India, Volkswagen group has five brands —- Audi, Volkswagen, Skoda, Porsche and Lamborghini.