Summary
Following failed tie-ups with Tata and Mahindra, Volkswagen has turned to JSW to cut production costs as the Indian conglomerate seeks European tech to diversify from Chinese partners.
Volkswagen Group has signed a non-binding memorandum of understanding (MoU) with JSW Group to explore a potential joint venture in India. After years of searching for a local partner, the German auto giant has turned to the Sajjan Jindal-led conglomerate to explore a collaboration spanning manufacturing, sales and technology.