MUMBAI : As part of its explorations in key markets, Tata Motors Ltd is in talks with several automobile companies, including those from China, for opportunities for technological collaborations, a company spokeswoman said in response to a query from Cogencis.
The query was based on a local media report that the Tata group company was in talks with China’s Chery Automobile to buy some of its vehicle platforms.
Separately, on Tuesday, a Chinese newspaper has reported that Chery was in talks to sell platforms of its compact sedans and compact car to raise capital and reduce debt.
Tata Motors’ UK-based subsidiary Jaguar Land Rover Automotive Plc has a partnership with Chery to set up a manufacturing plant in China, which is its single largest market.
Acquiring an existing platform will allow Tata Motors to avoid the lengthy and expensive process of developing
its own. -Cogencis