According to Chairman Ratan Tata, Tata Motors Ltd is open to Italy's Fiat SpA helping to sell the most awaited Nano model overseas,
Tata Motors plans to launch the Nano later this year, priced at about $2,500. "We have held talks about the Nano being marketed in markets where Fiat has already a strong presence. I am open to consider a partnership," Mr. Ratan Tata told a news conference at a forum promoting cooperation between Italian and Indian companies.
Fiat has a joint venture with Tata to manufacture and distribute cars, engines and commercial vehicles.
Ratan Tata also said the Tata group was in talks with Italian defence and aerospace company Finmeccanica SpA about supplying helicopter parts.
In a statement of Fiat Chairman Luca Cordero di Montezemolo, "the company was in talks with Tata about making buses and trucks.
The head of Fiat's Iveco truck unit told an Italian newspaper in May he expected to resume talks with Tata on possible accords after the India partner completed its acquisition of Jaguar and Land Rover.
Wednesday, July 23, 2008
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