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Volkswagen Group in renewed talks with JSW Group over possible India JV
Yahoo Finance· 2025-10-20 11:09
Group 1 - Volkswagen Group has reopened discussions with JSW Group, led by Sajjan Jindal, regarding a potential joint venture to enhance its presence in India [1] - JSW would manage local operations through its mobility unit, JSW Auto, and leverage technology and vehicle platforms from Volkswagen and SAIC Motor [1] - The discussions are in early stages, with commercial terms yet to be established, as Volkswagen explores new business opportunities in the dynamic Indian market [2][3] Group 2 - A partnership with JSW would mark a significant escalation of Volkswagen's ambitions in India, where it has been a relatively minor player despite over 20 years of operation [3] - The renewed talks with JSW come after a slowdown in discussions with Mahindra & Mahindra, which had been ongoing for approximately three to four weeks [4] - In February of the previous year, Volkswagen and Mahindra signed an initial supply agreement for components of Volkswagen's MEB electric platform for use with Mahindra's INGLO platform [4]