New Delhi, Sept. 9 -- Volkswagen Group has signed a non-binding memorandum of understanding (MoU) with JSW Group to explore a potential joint venture in India. After years of searching for a local partner, the German auto giant has turned to the Sajjan Jindal-led conglomerate to explore a collaboration spanning manufacturing, sales and technology.

Mint examines whether Volkswagen can finally secure an Indian partner and what this alliance means for its domestic operations.

The German automotive group is undertaking a major global restructuring that its board approved last week. As part of this, the company is looking to halt auto production at four plants in Germany, lay off 50,000 people from its global workforce, reduce the number of ...