Sunday, October 2, 2005
Tata Motors in Thai JV for pickup trucks
Reuters
Mumbai, September 21, 2005
India's top bus and truck maker, Tata Motors Ltd, has entered into a deal with Thailand's Thai Rung Union Car PCL to set up a manufacturing plant for pickup trucks, the Business Standard paper said on Wednesday.
Tata Motors, which also makes cars and utility vehicles, is also examining the possibility of setting up a production base for hybrid and low-cost vehicles in Thailand, the paper said.
Tata Motors plans to begin production of 140-bhp pickup trucks in 2006 and expects to sell 5,000 to 10,000 units in the first year of operation, the paper said.
New York-listed Tata Motors has previously said it was exploring ways to enter the Thai market and was in talks with potential partners.
Thai Rung Union is Thailand's largest pickup truck modifier, and Tata Motors had then said that the south-east Asian country was the largest market for pickup trucks outside the United States.
Financial details of the agreement were not reported. And spokesman for Tata Motors said he had no comment.
© HT Media Ltd. 2005.