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03/10/17
Wolfsburg
Volkswagen Group News

Memorandum of understanding: Volkswagen Group and Tata Motors Ltd. to explore strategic alliance for joint development projects

Memorandum of understanding: Volkswagen Group and Tata Motors Ltd. to explore strategic alliance for joint development projects
  • Long-term partnership on Indian sub-continent envisaged
  • Goal: joint development projects to expand product portfolio
  • ŠKODA to lead project for Volkswagen Group brands
  • Project delivers on core initiative of "TOGETHER – Strategy 2025"

Matthias Müller, CEO of Volkswagen AG, Bernhard Maier, CEO of ŠKODA Auto and Günter Butschek, CEO und Managing Director of Tata Motors Ltd., have signed a memorandum of understanding (MoU) which forms the basis for exploring long-term strategic cooperation in clearly-defined fields. The goal of the strategic alliance is to bundle the expertise of both car manufacturers with a view to jointly developing vehicle components and possibly also vehicle concepts.

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