India’s 3rd largest car manufacturers, TATA Motors is set to launch a vehicle assembly in Nigeria.
Tata will be partnering Iron Products and Industries (IPI) Limited that will fund the investment to the tune of $8 million on equipment and other machinery to assemble the Tata Zenon range of Pick-up trucks in Lagos, Nigeria’s commercial capital.
Target date will be towards the last quarter of 2015, BusinessDay said.
Ravi Pisharody, executive director, commercial vehicles, Tata Motors Limited, said Tata was going into partnership with IPI to assemble Tata Pick-up trucks under the SKD I and II automotive assembly regimes at various stages of development. IPI is a local automotive component manufacturer, including steel and aluminium plant.
A K Jindal, head of engineering commercial vehicles, engineering research centre at the Tata assembly plant in Pune, said the same standard of vehicles produced in different parts of the world by the company would be replicated in Nigeria.