India's automotive company Tata Motors Ltd on Friday inked an agreement with German automaker Volkswagen (VW) Group and Czech’s automaker Skoda to manufacture a new range of products.

 “Exploring a strategic alliance for joint development of products between Skoda of Volkswagen Group and Tata Motors,” said Tata Motors in a statement.‏

The agreement has been signed between Tata Motors CEO Guenter Butschek, VW Group CEO Matthias Muller and Skoda Auto (Geneva) CEO Bernhard Maier.

Tata Motors plans to launch the new products in the Indian market in 2019.