April 17, 2008 -- After firmly positioning itself in different areas and businesses, Tata is entering into a new market. The company now will produce an eco car in Thailand, catering to the South Asian and African markets.
The company is to set up a greenfield facility to manufacture eco cars at an estimated investment of $277 million. As per the criterion for setting up a facility to produce eco cars, the vehicle should be made with less than a 1.4 liter engine, and four out of the five engine components would have to be made indigenously there. Another condition for the project was to manufacture 100,000 units in five years. Both Nano and Indica fit into the criteria.
Abstracted from Asia Pulse
