Tata Motors has no further plans to acquire any overseas automakers, a leading company executive has said.
Speaking at the Nikkei Global Management Forum in Japan, Tata’s vice chairman Ravi Kant said the company’s current set up was sufficient.
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He also said he saw no need to form a partnership with a Japanese auto company.
Yesterday it was reported that Tata subsidiary Jaguar Land Rover is looking to up its presence in the Chinese auto market through a manufacturing and sales joint venture in the country.
In a story in the Wall Street Journal over the weekend, Carl-Peter Forster, chief executive of Jaguar Land Rover’s parent company, Tata Motors, was cited as saying the division is in “good discussions” with a Chinese firm to make and market its vehicles. Although Forster would not give further details, he noted that Jaguar Land Rover would like a partner in the country “as soon as possible”, the newspaper quoted him as saying.
