Volkswagen slows down its EV investment plan in India as it eyes options

What happened: Volkswagen is pausing new spending on its electric vehicle program for India until it has a clearer picture of a possible partnership with Sajjan Jindal's JSW Group, per a Bloomberg exclusive. Why it matters: The spending pause is tied to uncertainty over the potential JSW Group partnership, leaving the India EV program on hold until that picture becomes clearer.

Volkswagen is pausing new spending on its electric vehicle program for India until it has a clearer picture of a possible partnership with Sajjan Jindal's JSW Group, per a Bloomberg exclusive.

The spending pause is tied to uncertainty over the potential JSW Group partnership, leaving the India EV program on hold until that picture becomes clearer.