Volkswagen poised to sell majority of Indian unit to JSW as market share stalls
Volkswagen is in advanced talks with India's JSW Group to sell a majority stake in its Indian subsidiary, injecting fresh capital and gaining access to JSW's EV expertise. The deal, expected to close in weeks, is critical as VW holds only about 2.5% of the market, well shy of its 5% target, and seeks to curb costly EV platform spend.