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Volkswagen and JSW Group automotive partnership negotiations

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2026-08-10 15:44 UTC → 2026-08-13 21:33 UTC · added removed

Negotiations between Volkswagen Group has been engaged in long-term negotiations with and India’s JSW Group have reached an advanced stage regarding the sale of a 51 percent majority stake in its Indian subsidiary, Škoda Auto Volkswagen India Pvt Ltd (SAVWIPL). Initial discussions focused on valuation and capital commitments to address declining sales for both Škoda and Volkswagen in the region. As negotiations progressed, the scope of the potential partnership shifted toward accelerating electric vehicle (EV) development. The This proposed deal involves JSW Group acquiring a 51 percent majority stake, which would grant the Indian conglomerate JSW Group operational control. A key objective control of the joint venture subsidiary. The partnership is to fund and develop centered on accelerating electric vehicle (EV) development through the India Main Platform (IMP), an electric architecture tailored derived from China’s CMP platform and designed specifically for the local Indian market. The platform is expected to support various electric SUV models under both the Volkswagen and Škoda brands. This move collaboration follows group-wide cost-cutting measures that reduced the local EV platform development budget from $1 billion to approximately $700 million. Recent reports indicate that a non-binding memorandum of understanding could be signed as early as October, following high-level management meetings in Mumbai. The partnership may involve utilizing joint venture is expected to utilize manufacturing facilities, potentially including a new JSW Motors plant in Maharashtra located near existing Škoda operations in Maharashtra, with operations. If a memorandum is signed, the formal establishment of the joint venture is anticipated between late 2026 and 2027.

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  1. 2026-08-13 21:33 UTC Volkswagen and JSW Group automotive partnership negotiations
  2. 2026-08-10 15:44 UTC Volkswagen and JSW Group automotive partnership negotiations

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