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
20888 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
Mahindra & Mahindra Reports 20-Fold Growth in Patent Portfolio Over a Decade
Sarthak Mahajan
23 Apr 2026
The Indian automaker has expanded its granted patents from 56 in FY16 to 1,334 in FY26, reflecting sustained investment ...
Nissan Motor India and Avis India Form Leasing and Subscription Partnership
Sarthak Mahajan
23 Apr 2026
The deal makes Nissan Magnite and Gravite available on flexible corporate plans, with monthly rentals starting at ₹9,399...
Vienna Motor Symposium Calls for a Resilient Technology Portfolio
Arunima Pal
23 Apr 2026
Industry leaders gathered at the 47th International Vienna Motor Symposium argued that the future of mobility requires a...
