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According to Just-Auto, one of the firms NEVS is in negotiations with may be India’s Mahindra, which had previously sought to acquire some of Saab’s assets during the Swedish firm’s bankruptcy days a few years back.
Following the success rival Indian automaker Tata has enjoyed with Jaguar Land Rover, Mahindra likely sees Saab as a quick avenue to gaining control of a premium brand. Mahindra is also focused on the electric car market and has even joined the Formula E Championship, so working with NEVS, which plans to build battery-powered Saabs, fits in with Mahindra’s goals.
"We have still these on-going dialogues, but we have no further discussions or closures as of today," a NEVS spokesman said when asked about the negotiations. "I can't name the partners we are in discussions with, not today."