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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.

Ketan Thakkar  & Hormazd SorabjeeBy Ketan Thakkar & Hormazd Sorabjee calendar 09 Sep 2024 Views icon19270 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Skoda India is currently rewriting its playbook in India

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 ...

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