ANALYSTS SAID THAT for the Indian market, auto firms can't afford to be just in segments like petrol and diesel. Going ahead, the portfolio would need to be much broadbased, encompassing electric, hybrids and even CNG. All these would need separate investments.
"It's not possible for individual companies to make investments in all these technologies, so it makes sense to forge a partnership and let each focus on their respective core strength," said an analyst.
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