Volkswagen Remains Open to Partnerships in India for Budget Cars
- German group to decide on affordable cars for India soon
- Indian models would be in compact segment, Skoda CEO says
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Volkswagen AG signaled it remains open for a tie-up with another automaker in India, including Tata Motors Ltd., as the German manufacturer works on a strategy to bring affordable cars to millions of cost-conscious buyers in the South Asian country.
Cooperation with the owner of Jaguar Land Rover Plc is possible “in principle” in the future, said Bernhard Maier, chief executive officer of Skoda Auto AS, part of the VW group. VW, which has been long considering making affordable models for India, will decide on its game plan in the first half of this year, Maier said in an interview at the Beijing auto show on Wednesday.