July 21 (Reuters) – German carmaker Volkswagen AG is in advanced talks with India’s JSW Group to infuse fresh capital and bolster its local unit in India, Bloomberg News reported on Tuesday, citing sources.
Both parties are working toward a potential deal in the coming weeks involving JSW making an investment in closely held Skoda Auto Volkswagen India Pvt, the report said.
Reuters could not immediately verify the report.
(Reporting by Preetika Parashuraman in Bengaluru)