JSW–Skoda Volkswagen India JV Takes Shape: 51:49 Partnership Planned, Binding Deal Targeted by End-2026

JSW Group and Volkswagen Group have signed a non-binding Memorandum of Understanding (MoU) for a proposed 51:49 partnership in India. The partnership is expected to involve JSW and Skoda Auto Volkswagen India Private Limited (SAVWIPL) and will be separate from JSW Group's existing automotive partnership with SAIC Motor in JSW MG Motor India. The proposed JSW-Volkswagen joint venture is expected to cover India passenger vehicle operations, including localisation, new products, EVs, manufacturing, and R&D. India could become a larger global production/export base. The planned venture will have JSW Group holding 51% stake and Volkswagen Group holding 49% stake. A binding agreement is targeted by the end of 2026. The partnership aims to increase utilisation of existing factories, share future vehicle-development costs, develop vehicles specifically for Indian conditions, build a broader product portfolio, accelerate EV investments, improve profitability through higher volumes, expand exports from India, and deepen localisation.