Volkswagen trims India EV plans: $1B drops to $700 million
Volkswagen is dialing back its electric vehicle (EV) investment in India, cutting planned spending from $1 billion to $700 million.
After nearly 20 years and just a 2% market share, the company is now searching for a local partner to split costs—especially since talks with Mahindra & Mahindra didn't work out last year.
What's next for VW in India?
Volkswagen's Indian arm is chatting with groups like JSW and contract manufacturers, hoping to team up and get leaner before making big moves.
This shakeup is all about staying competitive as India's auto market evolves.
Why does this matter?
With stricter carbon rules coming in 2027, carmakers are under pressure to go green.
Volkswagen might launch its first made-in-India EV around 2028—or import models if trade deals make it easier.
The company's also eyeing new government incentives aimed at boosting local EV production, which could shape what hits Indian roads next.