India, Oct. 27 -- Volkswagen AG is halting investments in its electric vehicle program for India until the German auto giant has greater clarity on a potential partnership with JSW Group. This comes around a month after Skoda Auto Volkswagen India signed a non-binding Memorandum of Understanding (MoU) with JSW Group to explore the key principles for a strategic partnership in India. Under this joint venture, Volkswagen is exploring opportunities to improve competitiveness and profitability in the world's third-largest passenger vehicle market. Spearheaded by Skoda in India, with this deal Volkswagen is aiming to expand its product portfolio in India, deepen local sourcing and strengthen local manufacturing.

Bloomberg has reported that Vo...