Tata Motors,a car manufacturer,has decided to enter into a merger with Axon Industries,the company that supplies Tata with many of its car parts.What type of synergies are the most likely reason behind this merger?

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The most likely reason behind this merger is vertical integration, as Tata Motors is merging with Axon Industries to have better control and oversight over its supply chain and reduce its dependence on third-party suppliers. This merger will help Tata Motors gain greater control over the quality and reliability of the components used in its cars and improve efficiency in the production process.

Tata Motors,a Car Manufacturer,has Decided to Enter into a Merger