02:48 AM EDT, 07/21/2026 (MT Newswires) -- German carmaker Volkswagen (VOW.F) is reportedly in advanced talks to sell a stake in its Indian subsidiary, Skoda Auto Volkswagen India, to JSW Group, Bloomberg News reported Tuesday, citing people familiar with the matter. The companies are discussing a potential transaction that could be finalized in the coming weeks. Under the proposed deal, the Indian diversified conglomerate JSW would secure a majority stake in the unit. Details relating to the size of investments by JSW and Volkswagen, and the overall valuation of the deal, are yet to be finalized, the report added. Volkswagen and JSW did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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