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
20891 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
Dolby Expands Automotive Partnerships at Auto China 2026
Sarthak Mahajan
24 Apr 2026
Dolby Laboratories showcased its growing presence in the automotive sector at the 2026 Beijing International Automotive ...
Zelio E-Mobility Unveils 2026 Gracy Scooter at ₹59,999
Sarthak Mahajan
24 Apr 2026
Zelio E-Mobility has launched the 2026 variant of its Gracy low-speed electric scooter at the RideAsia EV Expo 2026 in N...
Kia India Launches Digital Passport on Kia Connect App
Sarthak Mahajan
24 Apr 2026
Kia India has introduced Digital Passport, a subscription-based digital feature on its Kia Connect app that consolidates...
