Tata may get Thailand 's nod to produce 'eco cars'
Tata Motors is likely to get Thailand government's nod for setting up a greenfield manufacturing facility in the country to produce "eco cars".autos Updated: Mar 27, 2008 20:33 IST
Tata Motors is likely to get Thailand government's nod for setting up a greenfield manufacturing facility in the country to produce "eco cars".
The Thailand government had earlier invited applications from carmakers to invest in the country to make eco cars, under which the the government would give tax benefits with some pre-decided conditions. International players such as Honda, Suzuki, Nissan, Tata, Toyota, Volkswagen and Mitsubishi applied for the projects.
"The government had already approved the requests of Honda, Suzuki and Nissan. When the government committee meets next time in a week, all the remaining four players are likely to get approvals," Tata Motors (Thailand) Ltd Chief Executive Officer Ajit Venkataraman told a group of visiting Indian journalists in Bangkok. The size of the passenger car market is two lakh units a year in Thailand.
One of the conditions of applying for the project was to manufacture one lakh units in five years and seeing the number of players coming into the market, everyone is looking to export, he said.
On the proposed investment in setting up the plant, he declined to comment. However, sources said it would be in the range of 6-8 billion Baht as the minimum investment criterion is five billion Baht.
When asked if the company would produce any of the existing cars, like 'Indica' or the to-be-launched 'Nano'," Venkataraman said: "Both Nano and Indica fit into the criteria. And something in between may also come. It can be anything. But nothing has been finalised yet."