Volkswagen nears stake sale to JSW in India

Volkswagen is in advanced talks with JSW Group to sell a majority stake in Skoda Auto Volkswagen India Pvt. Ltd. to accelerate its expansion in India, one of the world’s fastest-growing auto markets, with discussions focused on forming a local partner and leveraging JSW’s footprint. However, critical details such as deal valuation, capital commitments, and investment size remain unresolved across multiple reports.