As Tata Motors hopes to increase their presence in global markets, it is considering opening manufacturing plants different overseas markets. According to the company’s annual report, they are also planning to launch more products that are fuel efficient, which they will market in both export and domestic destinations.
According to the company’s annual report, they plan to aggressively follow opportunities in international markets, part of their internationalisation drive that includes evaluating the possibilities of opening manufacturing facilities overseas as well. The Indian auto maker, however, wouldn’t provide further detail on their possible overseas locations. They first have to evaluate what products would be relevant for particular markets. Following this, they will decide whether they need to manufacture products locally or export them.
Early in the month, the company had stated that they would begin operations of commercial vehicles at their assembly facility in South Africa. Tata Industries, MD, Kishor A. Chaukar, said in April that Tata Motors was at an important stage, regarding them finalising their overseas site for building the Nano small car that could be in Africa, Southeast Asia or Latin America. He also said that the company was exploring many options at many locations and looking towards an uninterrupted auto parts supply chain.
Tata Motors already has assembly units for trucks in Bangladesh and Thailand. The company produces the Xenon pick up truck in Thailand. The Tata Group’s division Tata Africa earlier on acquired a truck plant from Japan auto maker, Nissan in South Africa. The company is right now in the middle of arranging subsidiaries in important markets overseas including that of Latin America.