Nano plants to come up in Europe, Brazil and Indonesia
Tata Motors will set up facilities to assemble its ultra low-cost car Nano in Indonesia, in some parts of Eastern Europe and in Brazil, said chairman of the company Ratan Tata at the annual general meeting of Tata Motors in Mumbai on Friday. HT reports.autos Updated: Aug 12, 2011 21:37 IST
Tata Motors will set up facilities to assemble its ultra low-cost car Nano in Indonesia, in some parts of Eastern Europe and in Brazil, said chairman of the company Ratan Tata at the annual general meeting of Tata Motors in Mumbai on Friday. Not just Nano, he mentioned that, other passenger vehicles and small trucks such as Ace may also be assembled in such facilities abroad.
The lagging sales of Nano in India — around 100,000 units in two years since it was launched — has prompted the company to chart out aggressive marketing of the product in the domestic market.
Tata Motors has already taken initiatives such as new finance schemes, expanding sales network and recruiting sales staff to prop up sales. The company started exporting Nano to Sri Lanka in April this year and to Nepal in June.
“Our plan is to grow in the neighbouring countries and in some select overseas markets,” Tata said at the AGM.
About the loss-making joint venture with Fiat in India, he hinted that the structure of the joint venture may change. “We are looking at the structure of the contractual obligations to make it more realistic for both the partners,” he said.
Tata has said that both Tata Motors and Jaguar Land Rover have developed prototypes of electric and hybrid vehicles.
He also said that Tata Motors will launch a new light commercial vehicle platform by the end of this fiscal.
About exports, Tata said, that the company would explore Jaguar Land Rover markets for Tata Motors products.
In his initial remarks, Tata said India should use the current downturn as an opportunity to grow as a low cost manufacturing hub.
First Published: Aug 12, 2011 21:36 IST