Can JSW Revive Volkswagen India? The Morning Brief Decode

Can JSW Revive Volkswagen India? The Morning Brief Decode

Volkswagen is one of the world’s biggest carmakers by revenue. In India, however, the Volkswagen-Skoda combine has less than 2% of the passenger vehicle market.Now, the German auto giant is negotiating a potentially historic partnership with JSW Group. The proposed structure would give JSW a 51% stake and management control, leaving Volkswagen with 49%—a remarkable concession from a company that previously resisted ceding control during negotiat…