Tata Motors has acquired Nissan’s Pretoria-based manufacturing plant for an undisclosed amount.
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The Economic Times said the Nissan plant, which has been unused for a while, was acquired by Tata Africa Holdings.
Sources say the latest acquisition is part of Tata Motors’ strategy to get into assembly and manufacturing in its important export markets. Currently, Tata Motors caters to the African markets from its operations from India, said Tata Motors ED, commercial vehicles, P Telang. Bangladesh is the only other commercial vehicle assembly unit the company has outside India.
It is not clear whether Tata Motors will use this South African unit to manufacture trucks and cars or when this could happen. Initially, it will start with assembly [from knocked down kits] operations and then get into manufacturing its line of products, Mr Telang told the newspaper.
