Skoda Auto plans to manufacture electric vehicles in India, committing to investment even without a local partner. Skoda remains focused on expanding in India's rapidly growing auto market.
With India's stricter fuel efficiency standards set for 2027, Skoda sees an opportunity to leverage Volkswagen's EV technology to gain a competitive edge. It has an agreement with Mahindra & Mahindra for EV components and continues its discussions with other local partners.
CEO Zellmer reiterated the company's strategy to form a joint venture but affirmed that Skoda would proceed independently if necessary.
Skoda's expansion aligns with its broader strategy, with plans to invest USD 1.7 billion in Maharashtra for EV production, tapping into Southeast Asia and the Middle East.