VW trucks singles out India for its expansion in Asia.
According to a statement made by VW trucks chief Andreas Renschler, Volkswagen is looking at ways to expand its truck operations in Asia as it seeks to build a global business to challenge rivals Daimler and Volvo . Though VW’s trucks division is preoccupied with aligning its MAN and Scania brands more closely to boost cost savings, overseas expansion remains on the agenda despite the rising costs of the group’s “dieselgate” emissions scandal.
“Our goal of course was first of all to cover the blank spot North America,” VW trucks chief Andreas Renschler said, as the deal with Navistar will give VW access to the lucrative U.S. trucks market. “We are looking at the issue of India.” He added, “You can assume that we will come up with certain ideas for Asia too”.
Renschler, a former head of Daimler Trucks, said the VW division was considering steps to further expand in China where subsidiary MAN owns a stake in local manufacturer Sinotruk Hong Kong.