Home-grown auto major, Tata Motors, today said it plans to expand its commercial vehicles business globally and is contemplating a new plant for small trucks in India.
"We are a dominant player in the Indian market and we now want to be a big player at the international level," Tata Group Managing Director and CEO, Carl-Peter Forster, told reporters here.
“Our aim is to tap the global market in the commercial vehicle segment,” he said, adding the company might set up a plant in India to manufacture small trucks. Eyeing a huge opportunity globally in the trucks business, Tata Motors is exploring synergies with its joint venture partner, the Italian auto giant, Fiat, Forster said.
“Tata has all the ingredients to be a big player globally," he said. Apart from trucks, the company plans to launch more Fiat cars in India in the coming days. "We are looking at strengthening the Fiat brand in the country. We plan to expand the Fiat product range and marketing team in the coming days," he said. Tata Motors and Fiat have an equal joint venture company in the country called Fiat India Automobiles Ltd which produces Grande Punto, Linea and Palio Stile cars at its factory at Ranjangaon near Pune.