ID :
194468
Tue, 07/12/2011 - 10:17
Auther :
Shortlink :
https://oananews.org//node/194468
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TATA EYES INDONESIA TO PRODUCE NANO FOR SOUTHEAST ASIAN MARKETS
NEW DELHI, July 12 (Bernama) -- India's Tata Motors may select Indonesia to produce its Nano model, the world's cheapest passenger car, eventually turning it into a Southeast Asian production hub.
Media reports across India and Southeast Asia revealed that Tata would roll out about 50,000 units of Nano for the local and regional markets namely Malaysia, Philippines and Thailand.
"Given its wide portfolio and objective of expanding the international business, Tata Motors continuously explores both what could be relevant markets and within them relevant business opportunities," a Tata Motors spokesperson was quoted as saying in the Business Standard Tuesday.
The four-seater Nano instantly became a world famous passenger car, when Tata announced in 2009 it would be priced at 100,000 Indian rupees (RM7,000).
The Indian auto giant is in talks with PT Astra International, Indonesia's leading auto maker, and plans production by 2013.
Malaysia and Thailand had also expressed interest to woo Tata to set up a plant.
During Deputy Prime Minister Muhyiddin Yassin's visit to India last March, Tata Group Chairman Ratan Tata said the car maker was keen to work with Proton to produce Nano.
The Jakarta Post quoted Gita Wiryawan, Chairman of the Investment
Coordinating Board as saying that "Tata was still doing feasibility studies and that the government might give the Indian firm a tax break if the project proved beneficial."
It was reported that Tata opted out of Thailand due to political instability and an unfavourable tax structure.
Media reports across India and Southeast Asia revealed that Tata would roll out about 50,000 units of Nano for the local and regional markets namely Malaysia, Philippines and Thailand.
"Given its wide portfolio and objective of expanding the international business, Tata Motors continuously explores both what could be relevant markets and within them relevant business opportunities," a Tata Motors spokesperson was quoted as saying in the Business Standard Tuesday.
The four-seater Nano instantly became a world famous passenger car, when Tata announced in 2009 it would be priced at 100,000 Indian rupees (RM7,000).
The Indian auto giant is in talks with PT Astra International, Indonesia's leading auto maker, and plans production by 2013.
Malaysia and Thailand had also expressed interest to woo Tata to set up a plant.
During Deputy Prime Minister Muhyiddin Yassin's visit to India last March, Tata Group Chairman Ratan Tata said the car maker was keen to work with Proton to produce Nano.
The Jakarta Post quoted Gita Wiryawan, Chairman of the Investment
Coordinating Board as saying that "Tata was still doing feasibility studies and that the government might give the Indian firm a tax break if the project proved beneficial."
It was reported that Tata opted out of Thailand due to political instability and an unfavourable tax structure.
