Brussels, 21/09/2009 (Agence Europe) - On Wednesday 16 September, the European Investment Bank (EIB) signed a loan of €100 million to VW India Private Ltd, a subsidiary of the VW Group, to part-finance a new car manufacturing facility in the state of Maharashtra, where the company will produce three models of small car specifically adapted to the Indian market. VW is already present in India, where it operates an assembly plant in Aurangabad. The project will allow VW to increase its current market share, still small. The new models will be equipped with modern engines, providing the most efficient low-emission technology compatible with the local fuel quality. The project will enable VW to manufacture in India vehicles that comply with tighter legislation on emissions of greenhouse gases that will be introduced by India from April 2010 onwards (Euro 4-equivalent to be introduced in Delhi and 10 other major Indian cities). (O.L./transl.rh)