Volkswagen AG is in advanced discussions with India’s JSW Group, said people familiar with the matter, as the German automaker seeks an ally to infuse fresh capital and bolster its local unit in the world’s third-largest auto market.
The two sides are working toward a potential agreement in the coming weeks involving JSW making an investment in closely held Skoda Auto Volkswagen India Pvt., the people said, asking not to be identified as the discussions are confidential. The Sajjan Jindal-led conglomerate is seeking a majority stake in the venture, the people added.
