German and Indian car companies to work together…
The car companies say the final details of the partnership are yet to be nutted out, however the basis of the agreement is to work together to jointly develop vehicle components and possibly also vehicle concepts.
While the massive Indian car market would be opened up to Volkswagen as part of the deal, a move that would assist the group in their aspirations of being the world’s highest-selling car maker.
Matthias Müller, CEO of Volkswagen AG, says the arrangement is good for all concerned.
“This arrangement will enable us to offer customer-oriented mobility solutions in the emerging, fast-growing automobile markets.
“We intend to achieve sustainable and profitable growth in very different parts of the world as part of our regional growth strategy.”
While Günter Butschek, CEO of Tata Motors, said his group has a lot to gain.
“By working together, we can leverage from each other’s strengths to create synergies and develop smart innovative solutions for the Indian and overseas market.
“This is in alignment with Tata Motors efforts to make itself ‘FutuReady’ by embracing new technologies, fostering higher platform efficiency and offering solutions that connect with the aspirations of our customers.”
We will bring you more details on this as they come to hand.