Tata Motors, India’s biggest vehicles producer holds talks with a Mexican firm for making its cars there. If the meeting gets successful, then the Mexico’s Metalsa SA de CV will manufacture the Indica Vista hatcback, Indigo Manza sedan and the ultra-cheap Nano under a contract manufacturing arrangement.
An official from the company said, “A team from Tata Motors consisting of senior officials recently visited Mexico for the purpose.”
This move would enable Tata Motors to flourish its business in the developing markets.
Metalsa is a unit of privately held Grupo Proeza that basically makes components for cars and commercial vehicles. While its unit in Jamshedpur in eastern India supplies chassis and oil pumps to Tata Motors’s vehicles.
Tata Motor’s official said, “Tata Motors continuously explores both what could be relevant markets and within them relevant business opportunities.”