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
21415 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
Volvo Plans 13 New Models by 2030 in Largest Product Expansion in Company History
Angitha Suresh
19 Sep 2026
The Swedish automaker will split its line-up between Western and Chinese markets, offer both electric and hybrid powertr...
Kolkata Police Adds 183 Ultraviolette Electric Motorcycles to Its Fleet
Angitha Suresh
19 Sep 2026
The Kolkata Police has taken delivery of 183 units of the Ultraviolette X-47 Skyforce, a dedicated law-enforcement varia...
Mahindra Last Mile Mobility Named Finalist for 2026 Earthshot Prize
Angitha Suresh
19 Sep 2026
The Indian electric vehicle manufacturer is the only automotive company among 15 global finalists, with Mumbai set to ho...
