Tata Motors, Volkswagen to jointly develop auto parts, vehicle concepts

VW’s Skoda Auto AS will join the project on behalf of the German automobile group

The first step will address topics such as the application of specific market knowledge as well as local development expertise,” the Wolfsburg-based company said in a statement, adding that the basis of the tie-up is to explore long-term strategic cooperation in clearly-defined fields

Tata Motors and Volkswagen signed an in-principle agreement on Wednesday to explore the possibility of working together to develop a new range of products to be shared by Tata, VW and Skoda Auto, Mint reported on Thursday