For lack of technical or
economic synergies, leading automotive players Skoda Auto and Tata Motors Ltd have
ended their detailed negotiations on a strategic partnership. Skoda has assessed
and evaluated a potential strategic collaboration with Tata Motors Ltd over
recent weeks and months, a Skoda press note said.
In doing so, both companies
have concluded that at present, neither the technical nor the economic synergies
are achievable to the extent desired by both parties.
As a result, a planned strategic
alliance will no longer be pursued for the time being. Both companies would
like to emphasise that following the intensive and constructive discussions of
the last few months, they are not ruling out possible future collaborations,
the release added.
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