VW-India Pvt. Ltd.

completed

Volkswagen India Private Ltd, a wholly-owned subsidiary of VW AG, a leading Germany-based automobile manufacturer, is setting up a EUR580 million integrated car manufacturing facility near Pune, India, with a planned annual capacity of 110,000 vehicles (the “Project”). Construction has begun in 2007, production is scheduled to begin in May of 2009 and full capacity is expected to be reached by 2011. The company’s manufacturing operations near Pune will include: press shop, body shop, paint shop, assembly area, quality control hall and logistics / utilities area (power sub-station, diesel generators, propane/LPG storage, wastewater treatment plant, fire water tanks etc). The company will target small to compact car segments of the Indian market and expects to create a cost-competitive base for large-scale market expansion, which is expected to be achieved through a high degree of localization of the supplier base.