After taking its UK subsidiary Jaguar Land Rover out of the crises, Tata Motors is now eyeing on another emerging markets. India’s largest auto maker, Tata Motors Ltd., is likely to setup a Rs. 1,200 crore factory in Mexico. The plant with churn out 1,00,000 cars a year and the target market would be of South America. The assemble line would include models such as Nano, Indica Vista and the latest Manza.
Officially, there is no confirmation regarding this project from the company. But given its wide project portfolio and its objective to expand its international business, Tata Motors continuously explores both what could be relevant markets and, within them, relevant business opportunities.