October 07, 2008

TATA Motors gets nod to make eco cars in Thailand

ET reported that TATA Motors has received Thailand government’s approval for setting up a Greenfield facility to manufacture eco cars at an estimated investment of INR 760 to INR 1,015 crore.

A spokesperson for TATA Motors said that Bangkok has approved its green car manufacturing facility but declined to share any investment details.

It may be noted that Thailand had invited car makers from around the world for manufacturing environment friendly cars while proposing to give tax benefits subject to certain conditions. Toyota and Mitsubishi have also received approval for similar facilities.

Others car manufacturers who had applied for the project included Honda, Suzuki and Nissan. They had already been permitted to establish eco car plants, ahead of the latest round of approval.