Tata Motors And Volkswagen have signed a Memorandum of Understanding (MoU) to explore a possible joint venture or partnership.
There will be a formal announcement to this effect on March 10 2017.
Guenter Butschek, CEO, Tata Motors and Matthias Muller, CEO Volkswagen signed the MoU in Geneva, Switzerland. Newly appointed Chairman of Tata Group (and Tata Motors) N Chandrasekaran, Chairman, was also in Geneva. While it’s too early to say what the partnership will finally entail, but there’s a lot on the table for both manufacturers.
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