Mahindra, JSW in race to acquire stake in Skoda Auto VW India

Mahindra and the Volkswagen Group recently signed an agreement for the sharing of key EV components.

Recently, there have been reports about the Volkswagen Group looking to dilute its stake in its wholly-owned Indian subsidiary "Skoda Auto Volkswagen India Pvt. Ltd." (SAVIPL). It is said that Mahindra and the JSW Group are keen to partner with the German carmaker.

According to the latest reports, the VW Group has already had discussions with the JSW Group. The latter recently signed an agreement with MG Motor India’s parent company SAIC.

Mahindra has reportedly expressed interest in a potential partnership as well. Reports suggest that Klaus Zellmer, CEO of Skoda Auto, met with Mahindra’s top officials this week to discuss joint projects.

Earlier this month, Mahindra and the Volkswagen Group signed an agreement for the sharing of key EV components. As part of the deal, Mahindra will source unified cells from VW’s MEB architecture for its INGLO platform.

Source: Autocar India