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JSW Seeks VW Tax Cover in JV Talks

JSW Group reportedly wants Volkswagen to bear a $1.4 billion tax liability during joint venture negotiations in India. The tax demand stems from a 2024 customs dispute involving Skoda Auto Volkswagen India.

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Volkswagen's main German plant in Wolfsburg, Germany, September 17, 2026. REUTERS/Liesa Johannssen

JSW Group is demanding that VOLKSWAGEN AG cover a $1.4B domestic tax liability as the companies negotiate a joint venture in India's passenger vehicle market. Bloomberg News reported the dispute on Thursday morning, citing people familiar with the matter.
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