Tata Motors to set up a plant at Myanmar
While a lot has already been on the plate of Tata Motors, India’s biggest commercial vehicle maker but the company still boldly asks the question how much is actually enough? After Nano, JLR and the recent announcements for the defence sector, the auto major has announced that the company will open a factory at Myanmar.
According to the recent reports, the project will be funded by the Indian government and the plant will be used to make commercial vehicles. The company said in a statement that the plant will have an annual capacity of producing 1,000 vehicles, the Mumbai-based company said.
The company further added that the plant will be operated by an entity called Myanmar Automobile & Diesel Industries Ltd. However, it is still not clear what benefits is the Indian government looking at from this development but the sources in the company have confirmed the fact that the Tata Group is not making any kind of investments in this plant.
The company further mentioned the fact that the plant will make Tata branded trucks when it begins operations in a year’s time from now.