Pro Plus

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.

Ketan Thakkar  & Hormazd SorabjeeBy Ketan Thakkar & Hormazd Sorabjee calendar 09 Sep 2024 Views icon19203 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Skoda India is currently rewriting its playbook in India

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 ...

This is an Autocar Pro Plus article. Subscribe to continue reading.

RELATED ARTICLES
New 1.5‑Litre NA Engine Joins Tata’s Powertrain Offerings, Sibling to Turbo‑DI Mill

auther Autocar India calendar06 Jul 2025

New 1.5-litre naturally aspirated engine is expected to be a derivative of the 1.5-litre direct-injection turbo-petrol m...

Tata Altroz EV a Key Part of Future EV Line up

auther Autocar India calendar06 Jul 2025

Tata Motors has codenamed the Altroz EV as Ascot.

Tata Motors Develops New Platform for Next-Generation Harrier and Safari SUVs

auther Autocar India calendar06 Jul 2025

The second-gen Harrier and new-gen Safari are codenamed Taurus and Leo, respectively.