NEW DELHI: Volkswagen Group, Europe's largest carmaker, on Wednesday launched a new version of its mid-size sedan `Vento' in India as part of a strategy to turn around the brand's sagging sales. The new Vento, priced between 7.85 lakh and 11.87 lakh (ex-showroom, Delhi), comes in both petrol and diesel variants. The petrol-powered version is available in 1.2 & 1.6 litre engines while the diesel variant comes with a 1.5 TDI option. Volkswagen Group operates through five brands in India -Audi, Volkswagen, Skoda, Porsche as well as Lamborghini.
Volkswagen has been struggling to build up its brand in the the United States while also competing with General Motors and Toyota globally. However, VW also controls Audi and Porsche, two of the biggest luxury brands in the world.
By Labutes IR:Volkswagen AG (VLKAY.PK) is one of the world's largest automobile manufacturers and the largest in Europe. Given its large size and global footprint, it faces competition virtually from almost every carmaker in the world.