Volkswagen AG has slashed the cost of developing electric vehicles for the Indian market by nearly one-third and is actively scouting for a domestic partner to revive its long-stagnant presence in the country, according to people familiar with the matter. Europe’s largest automaker has brought down its EV platform development cost for India to about $700 million from the earlier estimate of $1 billion, the people said, requesting anonymity. The reset reflects the company’s reluctance to continue committing ...