Friday, January 22, 2021
Indian Drives
No Result
View All Result
No Result
View All Result
Indian Drives
No Result
View All Result
Home Latest News

Volkswagen Set to Displace Toyota in Regards to Sales Margins

by indiandrives
in Latest News
0 0
0
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

Volkswagen one of the leading auto manufacturers in Europe had set their aim on becoming the largest auto manufacturer in the world last year, displacing Toyota. Now, with Toyota performing dismally after it was forced to cut its production output by half, Volkswagen can finally realize their goals. Volkswagen is reportedly close to achieving this dream, at least where sales figures are concerned.

As we had announced just recently, Toyota has already been displaced by GM as the largest producer of automobiles in the world. Whether GM will be able to hold on to this position, only the future can tell. As of now, it looks like VW is all set to capture this position as they planned to do last year.

The company is doing quite well in emerging markets because of rising sales figures. According to recent reports, VW whose brands include Seat, Skoda and Audi sold 14% more vehicles in the Q1 of the year. The rise in vehicle sales was because of huge demand from overseas markets as well as the company’s low exposure to problems of the supply-chain markets affected by the Japanese crisis.


The company is also performing well in emerging markets like Russia, Brazil and China, which is now the largest auto market. The company stated that they continue to see the highest growth prospects in the Latin American and Asian emerging markets, while the developed nations are only experiencing moderate growth. Volkswagen’s opening profit increased to €2.91bn which excludes the gains from their Chinese business. Other European car manufacturers like PSA Peugeot Citroën were affected by the Japanese crisis, which made it hard for them to source parts from the country.

However, most German auto companies have remained comparatively unhurt by these problems, with the crisis even creating an opening for VW to finally beat top rivals to claim the No.1 spot.

Tags: Volkswagen
Previous Post

Liva and Brio Could be Delayed Yet Again

Next Post

Volvo Refutes Rumours About Saab Bid

Next Post

Volvo Refutes Rumours About Saab Bid

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Archives

Recent Posts

  • Kawasaki Bikes Offers & New-Year Discounts For January 2021: Benefits Of Rs 50,000 On Select Models
  • Royal Enfield Motorcycles Price Increase Announced In India
  • Mercedes-Benz India Confirms 15 Product Launches In 2021: Continues To Lead Luxury Car Market
  • Honda H’ness CB 350 Prices Hiked For The First Time Since Launch
  • Latest News From Indian Automobile Industry – 2021 MG Hector, 2021 Kawasaki Z650, Tata Altroz iTurbo

Categories

Indiandrives.com

© 2020 Indian Drives

Navigate Site

  • Auto Expo 2020
  • Aston Martin
  • Audi
  • Bentley
  • BMW
  • Buyers Guide
  • Car Comparison
  • Chevrolet
  • Driving Tips
  • Events
  • Featured
  • Ferrari
  • Fiat
  • Force
  • Ford
  • Great Wall Motors
  • Harley Davidson
  • Honda
  • Hyundai
  • Isuzu
  • Jaguar
  • Kia
  • Koenigsegg
  • KTM
  • Lamborghini
  • Latest Cars
  • Latest News
  • Lexus
  • Mahindra
  • Maruti Suzuki
  • Maserati
  • Mercedes Benz
  • MG Motor
  • Mitsubishi
  • New Car Reviews
  • Nissan
  • Peugeot
  • Porsche
  • Range Rover
  • Renault
  • Rolls Royce
  • Skoda
  • Tata
  • Test Drive
  • Auto Expo 2020
  • Toyota
  • Kia
  • Upcoming Cars
  • MG Motor
  • Used Car Reviews
  • KTM
  • Volkswagen
  • Isuzu
  • Volvo
  • Harley Davidson
  • MG
  • Great Wall Motors

Follow Us

No Result
View All Result

© 2020 Indian Drives

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In