Mexican firm Metalsa SA de CV has denied that it is in talks with Tata Motors on a potential contract assembly deal under which Tata cars would be assembled in Mexico.
Metalsa “expects to continue its current business model now and in the future,” the company said in a statement issued on Tuesday.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Indian publication The Mint said yesterday that if the talks are successful , Mexico’s Metals SA de CV will make a number of models under a contract manufacturing arrangement.
This will enable Tata Motors to establish a presence there and a few other emerging markets, it said.
“A team from Tata Motors consisting of senior officials recently visited Mexico for the purpose,” the paper quoted one person as saying.
