On this page
Volkswagen in advanced talks with JSW Group over stake sale in India unit
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.
Reported figures
From the report. Source details below
| Volkswagen reduced planned India EV-platform investment to about $700 million from | $1 billion |
|---|---|
| Target: | 5% India passenger-vehicle market share by the end of the decade |
Also in the report
- Potential majority stake sought by JSW
- Volkswagen Group holds about 2.5% of India's passenger-vehicle market
- Volkswagen has operated in India for more than two decades