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VK scandal not an issue in India: Gadkari

PTI

New Delhi

The government is watching the developments related to emission cheating scandal involving Volkswagen in the US but the issue is not a concern right now, Union Minister Nitin Gadkari said on Wednesday.

The Minister for Road Transport and Highways also assured that if the need arises the matter would be taken care of.

“I feel it is not a concern for India right now. That is a US development. We are watching reports on the development,” he said.

German auto-major Volkswagen (VW) had admitted to irregularities concerning a particular software used in diesel engines in “some eleven million vehicles worldwide”.

Last Friday, the US Environmental Protection Agency (EPA) accused VW of installing illegal software to cheat emission tests in diesel cars.

The company has been ordered by the US government to recall 4.82 lakh cars of VW and Audi brands produced since 2009. The company faces a fine of up to $18 billion.

In India, the company sells a range of models, including premium hatchback Polo, mid-sized sedan Vento and executive sedan Jetta. Another group firm Audi too sells a range of models here.

So far the company is tight lipped on whether any of the cars sold in India had used the particular software used in diesel engines.

Yesterday the German auto major had said “to cover the necessary service measures and other efforts to win back the trust of our customers, Volkswagen plans to set aside a provision of some 6.5 billion euros recognised in the profit and loss statement in the third quarter of the current fiscal year.”

Admitting the company’s mistakes, VW Chief Executive Martin Winterkorn had said on Sunday he was “deeply sorry that we have broken the trust of our customers and the public” and ordered an external investigation into the matter.

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Volkswagen shares plunge 8 percent

The Goan Network
Published Sep 23, 2015, 12:00 AM IST
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AFP Frankfurt Shares in German auto giant Volkswagen were down around eight percent in early trading on the Frankfurt stock exchange as investors continued to pile out of the stock in the wake of a pollution cheating scandal that has reached global proportions. After losing around 35 per cent over the past two days, the shares hit a new intraday low of 102.2 euros in the first 20 minutes of trading, a drop of 8.1 per cent on the day. The German news agency DPA reported that…

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