JSW Group could acquire majority stake in Volkswagen’s India business
JSW Group is in advanced talks to acquire a majority stake in Skoda Auto Volkswagen India Pvt Ltd, potentially enhancing its influence in the Indian automotive market. The deal could inject fresh capital into the company, which oversees brands like Skoda and Volkswagen, and is expected to be finalized in the coming weeks. If successful, this acquisition would follow JSW's earlier investment in MG Motor India, further solidifying its presence in India's passenger vehicle sector.