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South Asia News

The Economic Times

South Asia / The Economic Times

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JSW wants Volkswagen to bear $1.4 billion India tax bill in JV deal

In a push for collaboration, JSW Group is insisting that Volkswagen AG take on a significant tax liability that is still unresolved in India. While an initial agreement has been made, fundamental issues remain to be addressed prior to finalizing their partnership. Volkswagen is keen on tapping into Indias growing automotive market following unsuccessful earlier discussions.

24 Sep 2026 4:32 pm