M&M, Skoda-VW India JV talks hit speed bump as companies unable to reach consensus on key issues

Negotiations between Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India for a 50:50 joint venture have stalled due to disagreements on key issues. The companies had previously signed non-binding MoUs but are now unable to finalize crucial agreements. M&M, which has strengthened its position in the Indian market, may be reluctant to proceed if it must compromise on development costs and sourcing.