Mahindra, Volkswagen set to form joint venture for EVs
Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India (SAVWIPL), a subsidiary of the Volkswagen Group, are reportedly finalizing a 50:50 joint venture to share costs, technology, and vehicle platforms for future product development. This partnership will primarily focus on developing battery-powered SUVs for both Indian and international markets, though it will also include fossil fuel-based models. According to The Economic Times, an official announcement is expected by the end of the year. The collaboration…