India, Nov. 22 -- The Volkswagen Group said that it will spend almost 44 billion euros on e-mobility, autonomous driving, new mobility services and digitalization in its vehicles and at its plants through 2023. It represents about one-third of total expenditure for the 2019-2023 planning period and is the outcome of the Group's planning round, which has now been completed and was discussed and endorsed by the Supervisory Board of Volkswagen at its meeting today.

"One aim of the Volkswagen Group's strategy is to speed up the pace of innovation. We are focusing our investments on the future fields of mobility and systematically implementing our strategy", said Herbert Diess, CEO of Volkswagen.

The Volkswagen Group said it is working consist...