Tata not to look for UK partner
Tata Motors ruled out the possibility of looking for a new partner in the UK after the tie-up with MG Rover Group snapped.india Updated: Feb 21, 2006 18:44 IST
The country's leading commercial and passenger vehicles manufacturer Tata Motors Limited on Tuesday ruled out the possibility of looking for a new partner in the UK after the tie-up with MG Rover Group snapped.
Tata Sons Director R Gopalakrishnan said that the company would not search for a new partner in the UK and there was no possibility of reviving ties with the Rover Group as it had plunged into a crisis.
Tata Motors and MG Rover group entered into an agreement for the marketing Indica cars under the City Rover brand in the UK and Europe.
However, with the UK partner's business plunging into a crisis, the agreement fell through and Tata Motors had been selling Indica cars in these countries on its own.
Gopalakrishnan said Tata Motors is looking at the South African market in a big way, adding that Tata South Africa was looking after the distribution of vehicles in that country.
He said with new companies entering the Indian market Tata Motors was giving more thrust on cost efficiency and introducing newer models.
The company is also looking at new markets abroad.