JSW Group and Volkswagen Sign MoU for a 51:49 Passenger Vehicle Joint Venture in India

10 September 2026National

JSW Group and Volkswagen Group, through Skoda Auto Volkswagen India Private Limited (SAVWIPL), signed a non-binding MoU in September 2026 for a proposed 51:49 joint venture in Volkswagen's Indian passenger vehicle business, with a binding agreement expected by December 2026. The JV will develop and produce passenger vehicles spanning EVs, hybrids and internal combustion engine models, combining JSW's investment capability and industrial presence with Volkswagen's platforms, technology and R&D. It is expected to use Volkswagen's existing Chhatrapati Sambhajinagar and Chakan plants in Maharashtra, with a combined capacity of about 4 lakh vehicles a year.

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JSW Group was founded in 1982 by Om Prakash Jindal, is headquartered in Mumbai and is chaired by Sajjan Jindal | Volkswagen Group is headquartered in Wolfsburg, Germany | Chakan near Pune, Maharashtra, is one of India's largest automobile manufacturing clusters

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