Finance

Volkswagen and Tata Motors end talks on vehicle partnership

Volkswagen and Tata Motors end talks on vehicle partnership

VW group's Czech subsidiary Skoda said Thursday the two carmakers had come to the conclusion that the strategic alliance would not be able to achieve "the technical and economic synergies in the desired way".

Earlier this year, Tata Motors and Volkswagen announced a partnership to jointly develop new products for growing markets.

India's Tata Motors and Skoda Auto, part of Germany's Volkswagen Group, have called off talks of a partnership that would have involved sharing manufacturing facilities and vehicle platforms.

The two companies were exploring using Tata Motors' AMP (Advanced Modular Platform) with VW technology to build small cars.

Skoda dropped the idea of developing the AMP platform because of fears that it would need significant further investment to meet future crash-test and emissions requirements, said a VW Group source, who declined to be named.

"We have evaluated the technical feasibility and degree of synergies for the envisioned partnership".

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After months of discussion, VW and Tata Motors put an end to their partnership project on developing a auto for emerging marketsVolkswagen and Tata Motors will not be partners.

But both companies, which likewise studied joint advancement of components, did not dismiss the possibility of cooperation in the future after holding what Skoda called "constructive talks" during the last five months.

The development comes just a day after the Tata Motors stock took a hammering following dismal April-June quarter results.

The cooperation was to be focused on India, a market dominated by Tata Motors and low-priced cars on which Volkswagen has little presence, as well as other countries in the Indian subcontinent.

The talks with Tata Motors ended amicably, the source said. "But VW has changed a lot structurally since the Suzuki debacle, so we'll keep trying".


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