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Tata Motors in Rs 400 cr Argentina move

Satish John
Thursday, September 21, 2006 22:27 IST
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MUMBAI: Tata Motors plans to invest about Rs 400 crore in Cordoba in Argentina, where the largest auto maker is putting up a beachhead to penetrate the automobile markets of Latin America.

Its foray into Argentina would be part of the agreement it signed recently with Italian auto giant Fiat. The set-up in Argentina will assemble an economy vehicle. The investment is expected to provide 2,200 direct and indirect jobs.

Tata Motors partner Fiat will be making motors and transmissions with a $50 million investment.

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