Volkswagen nears deal to sell stake in India unit to JSW Group
Volkswagen is reportedly in advanced talks to sell a stake in Skoda Auto Volkswagen India to JSW Group, which is seeking majority control. A deal could add capital and EV-manufacturing support as Volkswagen targets a bigger share of India’s passenger-vehicle market.
What happened
Volkswagen is in advanced talks to sell a stake in its India unit to JSW Group, potentially giving JSW majority control. The deal could bring fresh capital,
Key facts
- JSW is seeking a majority stake in Skoda Auto Volkswagen India
- Volkswagen reduced planned India EV-platform investment to about $700 million from $1 billion
- Volkswagen Group holds about 2.5% of India's passenger-vehicle market
- Volkswagen's market-share goal is 5% by the end of the decade
- Volkswagen has operated in India for more than two decades
- Talks between JSW and Volkswagen began three years ago
Why this matters
The proposed transaction highlights a strategic route to India growth through a local majority partner, combining Volkswagen technology and brand assets with JSW’s investment capacity and industrial footprint.