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flag Volkswagen cuts India EV costs by 30%, seeks local partner amid market struggles.

flag Volkswagen India is cutting EV development costs by 30% to $700 million and seeking an Indian partner to revive its struggling market presence, with talks underway with firms including a contract manufacturer and JSW Group. flag The move follows failed talks with Mahindra & Mahindra and reflects a broader strategy to share risks in India’s competitive, price-sensitive auto market. flag Despite a 2% market share, the Skoda Kylaq has seen strong sales, and Volkswagen is exploring EV imports if EU-India trade deals improve. flag Stricter emission rules in 2027 and a planned 2028 EV launch drive the shift as global automakers face challenges against dominant Indian brands.

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