Ratan Tata-led Tata Motors on Thursday said that it plans to expand its commercial vehicles business in India and launch a few more models from its passenger vehicle stable, mainly Jaguar, by year-end.
“We plan to launch a few more models by this year end,” Tata Motors Group’s Managing Director and CEO, Carl Peter Forster, told reporters here.
The move comes in the wake of a rising demand for trucks and automobiles in the domestic market.
The new products will be from the company’s luxury brands stable of Jaguar, he said. The Tata group company might also set up a plant to manufacture small trucks, he said.
Eyeing a huge opportunity globally in the trucks business, Tata Motors is exploring synergies with its joint venture partner, the Italian auto giant, Fiat, Mr. Forster said.
“Tata has all the ingredients to be and it is our ambition to be a big player globally,” he said.