Tata Motors Chairman Ratan Tata today said the country's largest auto maker is looking at assembling facilities in Indonesia and eastern Europe for rolling out its small car Nano.
"We are already selling the Nano in Sri Lanka and Nepal. We are also looking at assembling facilities for this, possibly in Indonesia and in some parts of Eastern Europe," Tata told the company AGM here. However, he did not specify which European country would be his choice.
By and large, Tata Motors is also looking at assembly of some of its vehicles in Latin America, Brazil, South-east Asia, especially Indonesia, and in some other countries, Tata said, adding, "Our plan is in fact to grow both in the neighbourhood and in some specific countries".
On the company's JV with the Italian company Fiat, which is still making losses, Tata said, "Yes, the Fiat JV is showing losses. Assumptions [made while starting the JV] in terms of volumes didn't work out, more so for Fiat than for us because there was a downturn and they made an assumption on off-take which did not materialise.
"Well, as we are 50% owners, we have had to share in losses of the company. Both Fiat and we are having a re-look at the whole contractual undertaking to see whether we can make it more realistic. So, I hope we will be able to resolve that in course of time".
Tata also said the company planned to introduce its electric cars in Britain and Norway shortly.
He further said that the auto major is planning to sew together a joint venture in China for assembling the Range Rovers, besides exploring the possibility of setting up a joint engine project with Jaguar.
The Tata Group bought the British marquees Jaguar Land Rover brands from Ford Motor a few years back and had successfully revived the company and today almost 60% of Tata Motors' sales come from this business.
