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Thursday, August 12, 2010

Tata motors to expand commercial vehicle biz globally

Home-grown auto major, Tata Motors, said that it plans to expand its commercial vehicles business globally and contemplating to set up a new plant for small trucks in India.

"We are a dominant player in the Indian market and we now want to be a big player at the international level," Tata Motors Groupmanaging director and CEO, Carl-Peter Forster, told reporters here.

"Our aim is to tap the global market in the commercial vehicle segment," he said, adding the company might set up a plant in India to manufacture small trucks.

Eyeing a huge opportunity globally in the trucks business, Tata Motors is exploring synergies with its joint venture partner, the Italian auto giant, Fiat, Forster said.



"Tata has all the ingredients to be a big player globally," he said.

Apart from trucks, the company plans to launch more Fiat cars in India in the coming days.

"We are looking at strengthening the Fiat brand in the country. We plan to expand the Fiat product range and marketing team in the coming days," he said.

Tata Motors and Fiat have an equal joint venture company in the country called Fiat India Automobiles Ltd which produces Grande Punto, Linea and Palio Stile cars at its factory at Ranjangaon near Pune.

On the Jaguar Land Rover, he said that "it is an iconic brand and we are satisfied with the June quarter sales," Forster said.

"We could produce more, if we have the engines," he said.

The company has a long-term contact with Ford for supplying engineers till 2019, "but we would extend the contract with Ford," he said.

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