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
20618 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
Nissan India Extends Vehicle Benefits to Police and Paramilitary Personnel
Sarthak Mahajan
13 Mar 2026
The tie-up with Kendriya Police Kalyan Bhandar extends exclusive pricing on the Nissan Magnite, along with a complimenta...
Piaggio Secures 100-Unit Order for Apé Xtra Bada 700 from HeidelbergCement India
Sarthak Mahajan
13 Mar 2026
The newly launched diesel cargo three-wheeler will be deployed across 53 districts in Uttar Pradesh, Madhya Pradesh, and...
Mercedes Benz Hikes Prices by 2% Price Due to Rising Costs
Sarthak Mahajan
13 Mar 2026
The German luxury carmaker attributes the upward revision to sustained rupee depreciation against the euro and rising in...
