Friday, July 24, 2009

Tata Motors Ltd Says Eyeing Indonesian Market

India's largest vehicle maker, Tata Motors Ltd is conducting a feasibility study to market its cars in Indonesia, a senior company official said on Thursday.

Indian vehicle manufacturers, including motorcycle makers Bajaj Auto Ltd and TVS Motor Co Ltd already have production plants in Indonesia.

Senior general manager for government affairs and collaborations at Tata Motors Mr. Amarjit Singh Puri said "We have a whole spectrum of products. We'll see what the market requires. We plan to look at this market very seriously".

We have just started the feasibility study in Indonesian market in which We are trying to identify which segment and what products we should bring in, which could take between three to six months."

Tata Motors Ltd already has a plant in Thailand about a year ago and has sold nearly 600 one tonne pick up trucks since entering the Thai market.

Director general of the Society of Indian Automobile Manufacturers (SIAM) Mr Dilip Chenoy said Indonesia's economy is stable and positive. it is also a growing market so that many Indian car manufacturers are interested in Indonesia.

Indonesia posted positive growth in the first quarter of this year along with China and India. In first quarter Indonesian economy expanded 4.4 percent and it is estimated to have grown by 3.7 percent in the second quarter.


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