Volkswagen in advanced talks with JSW Group over stake sale in India unit
JSW Group could invest in—and potentially take a majority stake in—Skoda Auto Volkswagen India, giving Volkswagen added local capital and scale as it pursues EV plans and a 5% India passenger-vehicle share target by decade-end.
Volkswagen is in advanced talks for JSW Group to invest in, potentially take a majority stake in, Skoda Auto Volkswagen India. The partnership could provide capital, local scale and access to Volkswagen vehicle platforms amid the automaker's India expansion and EV plans.
Why this matters
The talks build on the recent signal that Volkswagen was discussing a majority stake sale in its India unit to JSW, indicating a continued push for local scale and funding.
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