The Volkswagen Group and Tata Motors have signed a memorandum of understanding to explore long-term strategic cooperation in India. VW says that the goal is to bundle the expertise of both car manufacturers with a view to jointly develop vehicle components, and possibly vehicle concepts. VW’s Skoda division will lead the project.
According to VW, the first step will address topics such as the application of specific market knowledge as well as local development expertise. In the long term, Wolfsburg is looking to further expand its product portfolio in the fast-growing markets of the Indian sub-continent.
“Our aim with the envisaged strategic partnership with Tata Motors is to lay the foundations in the Group and the brands that will enable us to offer customer-oriented mobility solutions in the emerging, fast-growing automobile markets, as elsewhere. By offering the appropriate products we intend to achieve sustainable and profitable growth in very different parts of the world. That is why we are systematically pursuing our regional growth strategy,” said VW CEO Matthias Müller.
“We strongly believe that both the companies, by working together, 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,” said Günter Butschek, MD and CEO of Tata Motors.
To be examined and defined in detail over the coming months is the contractual framework and the guidelines for the strategic cooperation. Until then, the parties have agreed not to disclose any information.
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VW, Skoda, Tata and all their subsidiaries must kolos shop now, according to basher logic
U mean according 2 YOUR logic
Simply put. A persona non grata
Nope. According to ur groupthink logic
Wait for someone to come here to shoot p1
A meaningful initiative in the right direction. SKODA already has a good reputation in the Indian market. TATA have an In depth insight into the the Indian car buyer, SKODA will bring with them robust quality & controls. These same vehicles from this ‘joint venture’ would be good to go in other developing countries like Thailand, Vietnam, Malaysia, Burma & Indonesia. TATA have the luxury of owning JLR and have done a Stella job in transforming JLR into a world class brand. Now. Coupled with German engineering, the TATA brand would become even stronger. Perhaps TATA &. SKODA could look at a new name for this JV, so it won’t dilute either brand.
TA-DA!!!!
TATA? Siapa nak beli?
Even tiago better than rubbish yaris
to proton read this – ‘long term’
10 years ago, proton was lansi dont want to accept VW as partner. things could have been very different today if they agreed on a JV project.
Yeah, If P1 have accepted VW as their partner, the Iriz would look like a VW Polo h/b & P1 would have saved at least 100 million Ringgit.
Yeah. And u pipu wud have bashed P1 cuz of dieselgate. We see what u did there…
Would have bashed DSG also, normal la basher dun have logic thinking
JV wrong, no Jv oso wrong
Export wrong, no export oso wrong
Basher winliaolor!
Thanks fC, that is PRECISELY why I like 2 read the comments column. Facts are so boring, bashing is more “interesting” for reading & “entertaining”. If want 2 read facts, better read the real stories by top drivers/journalist or Google. Cheers …
everyone is moving forward except that one company. i think both Geely and PSA will go home empty.
Proton doing due diligence to decide who is their next JV partner. Even at stage one is taking ages , imagine how much longer would it take when the major stake holder and Proton finally gets to sit and map out the future of Proton (if there ever is one ).
Cut the teh tarik & nasi kandar sessions, just make the decision and move forward.
With this kinda zero urgency attitude how to progress?
U are spot on bro. P1 takes forever bcos the $$$ that is bleeding by the millions are NOT theirs hence No Urgency.
P1 will close shop soon if still cannot decide on partner
India is a huge market and there is tremendous potential. VW has very good cars in its lineup. The collaboration will without doubt bring in benefits.