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
21220 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
Honda Cars India Announces Price, Begins Deliveries of ZR-V e:HEV
Shruti Shiraguppi
25 Jul 2026
The hybrid SUV is priced at Rs 47,99,000 (ex-showroom, Delhi) and is imported as a completely built unit from Japan.
Maruti Suzuki Launches New Brezza Turbo Boosterjet at ₹7.39 Lakh
Shruti Shiraguppi
25 Jul 2026
The SUV is offered with a new 997cc turbo-petrol engine, the existing K15C petrol engine and an S-CNG variant.
US OEMs Trend Towards Hybrids, Chinese Towards BEVs: Sona Comstar CFO
Mukul Yudhveer Singh
25 Jul 2026
North America, Sona Comstar’s largest overseas market, contributed 26% of its Q1 FY27 revenue, while the company secured...
