N = 4 supergravity theory with local SU(2) × SU(2) invariance

N = 4 supergravity theory has been formulated in two different equivalent forms, which may be expected to become inequivalent when the internal symmetry is gauged. The extension of the first form to include local SO(4) internal symmetry is known. In this paper the extension of the second form to local SU(2) × SU(2) invariance is given, and is indeed inequivalent to the first form. The second form is in general parity non-conserving, while both forms have scalar field potentials that are unbounded from below.