Mahindra & Mahindra, Skoda-Volkswagen clash over joint venture terms

Quick Summary:

The Economic Times cited a source as saying that finalising these terms no longer seems imminent, indicating a slowdown in negotiations.

The Indian subsidiary of the Volkswagen Group comprises the Skoda, Volkswagen, Audi, Porsche, and Lamborghini brands.

The companies are unable to finalise crucial terms after signing non-binding memorandums of understanding (MoUs) due to disagreements, The Economic Times reported on Tuesday.

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Category: BusinessFinance

Markets: IndiaJapanSouth Korea

Topics: Klaus Zellmer Skoda India Skoda Volkswagen India Skoda India strategy Indian passenger vehicle market Skoda VW development costs VW Group India market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 09:42:46 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 16 lines

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Copyright Owner: © Business Standard

News ID: 23688175

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