Follow us
EXCLUSIVE: Skoda Auto VW eager for stake sale to local partner, open to PE infusion, IPO
The group is likely to introduce two new platforms – MQB A037 and CMP 21 – both of which will call for an investment of a billion euros each.
By Ketan Thakkar & Hormazd Sorabjee
09 Sep 2024
20971 Views
Share -
Skoda India is currently rewriting its playbook in India
Skoda Auto Volkswagen India Pvt Ltd (SAVIPL) is aggressively looking to raise funds for the Indian operation, according to sources. Apart from exploring a potential joint venture partner, the Indian arm of Europe's largest car maker, Volkswagen Group, is also open to selling a stake to financial partners.
Sources say the company has explored options for an IPO and private equity funding over the last six months, in addition to discussing a stake sale to Mahindra & Mahindra.
People in the know say Skoda Auto Volkswagen would need a minimum of 2 billion Euros to cater to the ...
RELATED ARTICLES
Bharat Forge Takes ₹450-Crore EV Hit, Begins Europe Steel Restructuring
Shahkar Abidi
07 May 2026
The components manufacturer initiated a restructuring of its European steel operations while projecting a 25 percent rev...
Royal Enfield to set new manufacturing facility in Andhra Pradesh with Rs 2,200 crore investment: Report
Autocar Professional Bureau
07 May 2026
The motorcycle manufacturer is expanding its footprint outside Tamil Nadu for the first time since 1955.
ZF Sees India Emerging as a Software-Led Aftermarket Growth Hub
Anurag Chaturvedi
07 May 2026
Connected fleets, diagnostics, EV servicing and localisation are reshaping the German major’s India strategy as the pass...
