After roping in automobile industry veterans in senior management positions, both in India and abroad, Tata Motors will look at expanding its global business. “The next logical step is to have a fairly good presence in chosen international markets,” Mr Ravi Kant, Vice-Chairman, Tata Motors.
The company was clear that it would not be all over the globe, but would carefully choose the geographies it would improve its presence in.While South East Asia was a traditional market for the company, Tata Motors would look at certain African countries, in South Africa and West Africa. It also hopes to make a mark in Latin and Central America, two regions which it had not so far been able to target because it was tied up with other activities, Mr Ravi Kant said.
The Nano Europa would be launched in Europe in two years while the electric version of the Indica would hit select European markets in the middle of this year.
He pointed out that Tata Motors had posted a consolidated net profit of £55 million in the third quarter, which was much higher than the company's standalone performance.