Volkswagen looks to team up with Tata in India

Must Read

Benefits Of Face Steaming And How To Do It At Home

Face steaming is one of the hottest skincare trends of the past few years. You can see celebrities and...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...
- Advertisement -

German carmaker Volkswagen and India’s Tata Motors plan a future “strategic partnership” in the subcontinent to jointly develop parts and vehicles, the two firms said in a joint statement Friday.

Europe’s and India’s largest auto manufacturers signed a memorandum of understanding (MoU) “to unite the expertise of the two carmakers in developing joint vehicle components and even possible concept vehicles,” the statement read.

Image result for Volkswagen Tata

Working with Tata will offer the Wolfsburg-based group “specific market knowledge as well as local development expertise,” the statement continued, adding that VW wants to expand its product range in India.

- Advertisement -

VW aims to “create the conditions to offer appropriate mobility solutions for the new, fast-growing car markets” with the deal, chief executive Matthias Mueller said.

While the path to neighbouring China is well-trodden by western carmakers, India still offers plenty of room for expansion.

Annual car sales are expected to double from just under 3.0 million in 2016 to more than 6.0 million in 2030, said industry expert Ferdinand Dudenhoeffer of Germany’s CAR research centre.

“Even before 2020, India’s car market will be bigger than Germany’s,” Dudenhoeffer said.

- Advertisement -

But with lower average incomes than in China, the world’s second-most-populous country demands a different approach.

Read Also:  Africa Investment Index: Morocco Top Ranked Investment Destination In Africa For 2017, Nigeria Ranks 14th...

Indian buyers prefer affordable “budget cars”, Dudenhoeffer explained, while Chinese drivers are more interested in high-tech features like internet apps and mobile connectivity.

Czech Republic-based VW subsidiary Skoda — which operates an Indian plant in Aurangabad, Maharashtra state — will take the lead in working with Tata, hammering out the details of the partnership “in the coming months”, Skoda CEO Bernhard Maier said.

As well as the Skoda factory in India, VW already turns out its own-brand cars at a facility in Pune and has several sites belonging to truck units MAN and Scania.

- Advertisement -

Sales at the auto giant have suffered since it admitted installing software to cheat regulatory emissions tests in 11 million vehicles worldwide, leaving it hunting new sources of growth.


- Advertisement -
Volkswagen looks to team up with Tata in India - Brand SpurVolkswagen looks to team up with Tata in India - Brand Spur


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Volkswagen looks to team up with Tata in India - Brand SpurVolkswagen looks to team up with Tata in India - Brand Spur

Latest News

eTranzact Pledges to File its H1 2020 Results Latest September 30

Shareholders of eTranzact International Plc a multi-application and multi-channel electronic transaction switching and payment processing platform, have been assured...

Saudi Aramco profit crashes 73%, sticks to $75 billion dividend pledge

The world’s largest oil company, Saudi Aramco announced its results for the second quarter and first half of 2020, highlighting the Company’s financial and...

Airtel, Avaya Partner to Enable Remote Work, Learning in Nigeria

Leading telecommunications services provider, Airtel Nigeria, has partnered with Avaya Holdings Corp, to enable organizations in the country to implement remote working and learning...

SMS Traffic Fraud to Drop By 75%, as SMS Business Revenue Reaches $50 Billion by 2025

Hampshire, UK: 10th August 2020: A new study from Juniper Research found that operator revenue from SMS business traffic will reach $50 billion in 2025; increasing from $39.6...

World Breastfeeding Week: Annually over 900,000 infant die globally- Dr. Adeniran

The department of Community and Primary Healthcare of the Lagos State University Teaching Hospital (LASUTH), in collaboration with Abiye Maternal and Child Health Foundation,...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Volkswagen looks to team up with Tata in India - Brand SpurVolkswagen looks to team up with Tata in India - Brand Spur