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Volkswagen and Tata a step closed to partnership in India

Mar. 09, 2017 1:03 PM ETVolkswagen AG (VWAGY) StockTTM, VWAGYBy: Clark Schultz, SA News Editor3 Comments
  • Volkswagen (VLKAY) and Tata Motors (NYSE:TTM) plan to work together In India after signing a memorandum of understanding, sources indicate to Reuters.
  • An official announcement from the automobile companies is still pending.
  • IHS Markit forecasts that car sales in India will more than double to 7.1M vehicles by 2025.
  • Previously: Tata and Volkswagen in partnership talks (Feb. 21)

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