Growth Opportunity

Report: VW and Tata Agree to Explore India Alliance

File photo of VW Golf VII emblems at a production line at the plant of German carmaker Volkswagen in Wolfsburg
Volkswagen wants to expand into the growth markets of the future. Picture source: Reuters

Germany’s biggest carmaker and India’s Tata plan to explore a possible alliance aimed at expanding Volkswagen’s footprint in the emerging Indian economy, news agency Reuters reported on Thursday, citing company sources close to the matter.

The move would facilitate VW’s push into emerging markets, generally seen as a requirement for future growth following the fallout from the diesel emissions scandal.

The two carmakers have signed a memorandum of understanding (MoU), pledging to exchange technology, components and platforms and to identify overlaps, one of three company sources told Reuters.

 

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