Tata Motors and Skoda Auto had undertaken a joint technical feasibility and commercial evaluation for their proposed collaboration but concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed. Tata Motors and Skoda Auto had undertaken a joint technical feasibility and commercial evaluation for their proposed collaboration but concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed. We have concluded that the strategic benefits for both parties are below the threshold levels,” Tata Motors CEO and Managing Director Guenter Butschek said in a statement. In March this year, Tata Motors, Volkswagen group and Skoda announced entering into a long-term partnership for joint development of products with the first rollout expected in 2019. Based on the strategic alliance, Tata Motors had planned to launch products in the Indian market starting calendar year 2019.

Source: Indian Express August 10, 2017 12:44 UTC