Sajjan Jindal-led conglomerate is reportedly seeking a majority stake in the ventureVolkswagen is in advanced discussions with India's JSW Group, said people familiar with the matter, as the German automaker seeks an ally to infuse fresh capital and bolster its local unit in the world's third-largest auto market. The two sides are working toward a potential agreement in the coming weeks involving JSW making an investment in closely held Skoda Auto Volkswagen India, the people said, asking not to be identified as the discussions are confidential.The Sajjan Jindal-led conglomerate is seeking a majority stake in the venture, the people added.While top executives from Volkswagen and JSW have held meetings recently, several sticking points remain unresolved, including a valuation for the deal and JSW and Volkswagen's capital investments, the people said.The transaction, if finalised, will cap Volkswagen's years-long hunt for a local Indian partner. The German manufacturer has struggled to build scale in India even after operating in the country for more than two decades. For the steel-to-electric vehicles conglomerate JSW, a deal would provide access to Volkswagen's vehicle platforms and a springboard for further potential cooperation globally with a well-established European carmaker.Volkswagen is constantly evaluating new business opportunities to implement its strategy in India, which is an important market for Skoda Auto's global growth plans, a company spokesperson said in an email, while declining to comment on any discussions with JSW. A JSW spokesperson did not respond to an emailed request for comments on the deal.The Volkswagen group, across its brands, makes up about 2.5% of India's passenger vehicle market.Volkswagen has become more willing to cede control of its India unit as it grapples with a difficult turnaround globally, the people familiar with the talks said. Although the Indian unit has posted a jump in profit for the year ended March 31, they said the European parent is growing wary of funding the business without a local partner to share the load.(This is a Bloomberg story)