JSW wants Volkswagen to cover $1.4-bn India tax bill: Report

Sajjan Jindal-led JSW Group wants Volkswagen AG to cover a $1.4-billion local tax liability, a move that could affect the planned partnership, Bloomberg reported. JSW Group and Volkswagen signed a non-binding agreement to form a 51:49 joint venture for Volkswagen's passenger vehicle operations in India. The Taigun SUV-maker was served with tax demand in 2024 over alleged customs duty evasion.