The Hindu : Business : Tata Motors’ Argentina plans

Online edition of India's National Newspaper
Saturday, Jan 12, 2008
ePaper | Mobile/PDA Version

Business

Business

Tata Motors’ Argentina plans

Special Correspondent

To export Ace to Sri Lanka

NEW DELHI: Tata Motors on Friday said it would invest Rs. 10,000 crore in the next four years to increase its production capacity, particularly of commercial vehicles, for exports.

The auto major is also looking at possibilities of producing its utility vehicles ‘Xenon’ in Argentina in association with its partner Fiat.

Addressing media persons here at the ongoing Auto Expo 2008, Tata Motors Executive Director (Commercial Vehicles) P. M. Telang said the plan was to increase exports of commercial vehicles to countries like Russia, Thailand and Bangladesh.

Tata Motors is also planning to export its one-tonne small vehicle, Ace, having power-steering and air-conditioner to Sri Lanka, Thailand and Russia, targeting 400-500 units every month.

“Our new plant at Dharwad in Karnataka, which will be a mix plant to produce buses in joint venture with Brazil-based Marcopolo, will have production capacity of 25,000 buses annually.

“It is likely to go upstream in the middle of this year,” he said.

Printer friendly page
Send this article to Friends by E-Mail

Business