Volkswagen targets India growth with JSW Group joint venture plan

German automaker taps steel-to-mobility conglomerate amid painful restructuring If a proposed joint venture with JSW Group materializes, it would bring an end to Volkswagen's search for a partner in the world's third-largest auto market. (Source photos by Reuters and Ryosuke Hanada) BENGALURU — Volkswagen Group said on Wednesday that it has signed a memorandum of understanding with India's JSW Group for a joint venture amid the German automaker's plans for a sweeping overhaul that could lead to 50,000 job cuts.

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