Tata Motors Is Considering An Investment in Cluj
Indian car manufacturer Tata Motors is considering an investment in achieving Tetarom III Industrial Park in Jucu ( a small town near Cluj-Napoca), Cluj County and the representatives of the group have already had a meeting regarding this aspect with the leadership of the county council, as some local newspapers state.
The Indian Tata group includes over 90 companies in areas such as IT&C, engineering, materials, services, energy, consumer products and chemicals, with operations in over 80 countries. The major group companies are Tata Steel, Tata Motors (Nano car manufacturer), Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Indian Hotels and Tata Communications.
In fiscal year of 2010, the group has had revenues of 67.4 billion dollars, of which 57% came from operations outside India. Tata Motors, the largest car company in India, with revenues of 20 billion dollars in last fiscal year, does business in states such as Britain, South Korea, Thailand and Spain.
Company’s brands include Jaguar, Land Rover and Nano, the cheapest car in the world with a price of slightly over $ 2,000. The automaker has said it wants to launch in Europe an electric version of Nano, thus going on a market that only Renault has managed to attack with competitive prices. There are no stated prices, but keeping in mind the price of the Nano we can expect a good report compared to quality.
Lately, along the rummor launched on the above mentioned topic, in Cluj Napoca there were other companies searching a good market to invest. One of these rummors has lately became a reality, with Bombardier producing trains in Cluj. Other investors are expected to discuss with the Hall in a project that will create over 500.000 jobs in Cluj county.
In the Tetarom III Industrial Park in Cluj there is also functioning a factory of Nokia.
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Apr182011
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