News: ‘Tata Motors eyes car plant in Egypt’

(RTR 24/04/2007) Mumbai - Tata Motors Ltd. may build a car manufacturing plant in Egypt, the Business Standard said on Tuesday.

India's top vehicle maker has held talks with a delegation from Egypt, which is visiting India on an investment and tourism promotion drive, the newspaper said.

"Besides the car business, the Tata (group) has also evinced interest in making investments in petroleum and gas in Egypt," Nagui Erian, a member of the delegation, told the paper. A Tata group spokesman declined comment on the report.

Tata Motors, India's top bus and truck maker and third-biggest car maker, has a joint venture with Italy's Fiat to make cars and engines in India and a separate venture to make pick-up trucks in Argentina.

Tata Motors makes the popular Indica hatchback and Indigo sedan. It is scheduled to roll out a low-cost small car in 2008.