Tata Motors is eying ambitious expansion plans to buttress its foothold in the global automobile market. The Indian multinational automotive has expressed interest to invest up to a billion pounds to set up a giant production facility in Romania, Europe.
This Mumbai based auto bigwig is considering a site at the Tetorom 3 industrial park, at the Jucu village, near the city of Cluj. This facility, if set up, will help Tata Motors to prop up its stronghold in the European market.
The Romania plant is likely to be a full-fledged production facility that will manufacture commercial vehicles, passenger cars, and buses for the European markets. It will also manufacture the next generation Tata Nano that will be latest EU emission regulations compliant.
Reports hint that Tata is also planning to source a lot of the components from the local vendors to obtain tax benefits. That will help Tata to price their cars competitively for the European market. Tata currently sells Manza, Aria MUV, Indica Vista, Telcoline pickups, and the Xenon in Europe.