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Volkswagen signs MoU with Tata Motors to explore cooperation in India

MoU will enable both carmakers to deepen exchanges about technology, components and platforms

Reuters  |  Berlin 

Volkswagen has signed a memorandum of understanding (MoU) with Tata Motors to explore cooperation in India, sources close to the matter said, as the German carmaker takes a fresh attempt at conquering low-cost markets. The MoU will enable both carmakers to deepen exchanges about technology, components and platforms and analyse the synergies that may follow a possible cooperation, one of three company sources said. VW is discussing with its brands and potential partners ways to expand the product portfolio "with tailor-made solutions" in India, a spokesman said, ...

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First Published: Thu, March 09 2017. 21:20 IST
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