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.
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.