Tata Motors in Tie-up Talks with Canada Firm

Introduction

Tata Motors is in talks with a Canada-based company for its second generation gearless Nano.

Benoit-Jean Bernard, director Quebec office, Counsulate General of Canada in Mumbai said, "Tata has already invested huge amount in Canada's Quebec province and is in the process of signing a deal for supply of parts for gearless Nano with C-tech, a Montreal-based auto component maker."

According to him, the two companies have been working in coordination for the past two years on the project. Sources say once the deal is signed, the Canadian company may set up a manufacturing facility close to the Nano plant in Sanand.

Already, Canadian companies like Bombardier and SNC Lavalin, an engineering firm, have units in Gujarat. Bombardier manufactures coaches for the Delhi Metro at its Vadodara facility."This is the first time I am attending the Vibrant Gujarat summit. The reception has been very warm," Bernard said, adding that he was here to attract investment for his province in Canada. "We decided to use this platform for inviting industrialists from Gujarat and the rest of India to invest in Quebec," he said.

Source

India Brand Equity Foundation, January 13, 2011