Retail in Asia

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Maruti and VW to explore synergies in India

Officials at India’s largest carmaker Maruti Suzuki and Volkswagen India are understood to have met on 21 May to explore synergies in production and vehicle design.

After Volkswagen picked up a 19.6 percent stake in Suzuki Motor Corp last year for USD2.5 billion, there has been speculation that they may look for synergies in India, the world’s second fastest growing car market after China.

According to sources, the two companies are exploring synergies in areas such as product design – not necessarily sharing models or joint model development – and product testing, evaluation or part-designing future models and special projects.