FRANKFURT, Aug 10 (Reuters) - Cooperation talks between Germany’s Volkswagen Group and India’s Tata Motors about joint development of a cheap car for emerging markets, have been ended amicably, a Volkswagen Group source said on Thursday.
Volkswagen was not immediately available for comment.
In March, Tata Motors and Volkswagen announced a Memorandum of Understanding (MoU) for a long-term partnership to explore joint development of products for customers in India and other markets.
Volkswagen’s entry-level Skoda brand was due to develop an entry level car platform together with Tata. (Reporting by Frankfurt Newsroom; Editing by Georgina Prodhan)