Tata Motors says Thailand JV to invest $26.8 mln http://today.reuters.com/news/articlebusiness.aspx?type=basicIndustries&storyID=nBMA000067&imageid=&cap=
Sun Dec 17, 2006
MUMBAI, Dec 18 (Reuters) - India's top bus and truck maker,Tata Motors Ltd. (TAMO.BO: Quote, Profile, Research), said on Monday its joint venture with Thailand's Thonburi would have an investment of 1.2 billion rupees ($26.8 million) initially.
The joint venture will also look at other vehicles besides pick-up trucks, it said. Tata Motors said it expects the joint venture to sell 30,000 units a year in Thailand in three years time.
($1=44.75)
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