Tata Motors and Skoda cease discussions around potential partnership
Nevertheless, the two companies have decided to keep in touch for future areas of collaborations.
Commenting on this development, Guenter Butschek, CEO and Managing Director, Tata Motors, said, “We have evaluated the technical feasibility and degree of synergies for the envisioned partnership. We have concluded that the strategic benefits for both parties are below the threshold levels. However, we remain positive of exploring future opportunities with the Volkswagen group, given the relationship of mutual respect that we witnessed during the phase of our cooperation discussions."
Tata Motors will continue to pursue its standalone product strategy to bring exciting and world-class products to its customers.
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