Volkswagen to put India plans on the fast track

What happened: Volkswagen plans to accelerate its India plans through a 51:49 alliance with JSW, with the companies targeting to conclude the joint venture before mid-2027. Key numbers: 51:49 alliance split; JV targeted before mid-2027; two locally assembled BEVs planned within two years; Why it matters: Management sought to assuage concerns over job cuts and dispel the belief that VW would de-focus on India after ceding majority control to JSW. The alliance aims to improve VW's competitiveness through an expanded product range, deeper localisation and enhanced manufacturing and R&D.

Volkswagen plans to accelerate its India plans through a 51:49 alliance with JSW, with the companies targeting to conclude the joint venture before mid-2027.

Management sought to assuage concerns over job cuts and dispel the belief that VW would de-focus on India after ceding majority control to JSW. The alliance aims to improve VW's competitiveness through an expanded product range, deeper localisation and enhanced manufacturing and R&D.