Volkswagen in final talks with Tata to develop vehicles for India's fast-growing market

Mumbai

VOLKSWAGEN AG is in advanced talks to team up with Tata Motors Ltd as the German automaker takes another stab at India's fast-growing demand for cars, according to people familiar with the matter.

A deal to jointly develop vehicles for emerging markets may be announced at the Geneva auto show in early March, the people added, but there's no guarantee an agreement will be struck.

Volkswagen is exploring - with its brands and "potential partners" - ways to "enlarge the product portfolio with tail…