Volkswagen Open to Revisiting Tata Tie-Up for India Mass Market [Bloomberg Business News]
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Source: Bloomberg Business News
By Elisabeth Behrmann and P R Sanjai German maker to decide on affordable cars for India soon Indian models would be in compact segment, Skoda CEO says Photographer: Dhiraj Singh/Bloomberg Months after calling off a planned partnership with Tata Motors Ltd., Volkswagen AG signaled it isn’t shutting the door on a tie-up with the Indian automaker as it works on a strategy to bring budget cars to millions of cost-conscious buyers in the South Asian country. Cooperation with the owner of Jaguar Land Rover Plc is possible “in principle” in the future, said Bernhard Maier, chief executive officer of S koda Auto AS , part of the VW group. Volkswagen, which has been long considering making affordable models for India, will decide on its game plan in the first half of this year, he said in an interview at the Beijing auto show on Wednesday.
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