The Hindu Business Line : Tatas to make pick-up vehicle in Argentina

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Mumbai Feb 14 Tata Motors and Fiat S.p.A, Italy on Tuesday signed an agreement that provides for a Tata licence to build a pick-up vehicle at Fiat's plant in Córdoba, Argentina. The vehicle will bear the Fiat nameplate.

The project would see an investment of $80 million, said a joint statement from the two companies. The first vehicle will roll off the Córdoba assembly line in 2008. Annual production is slated at about 20,000 units.

The pick-up, based on the new generation Tata pick-up truck, will be sold in South and Central America and select European markets through Fiat Automobiles' distribution and importer network. Tata Motors considers Latin America an important market and is examining options for offering its products in this region, including cooperation with Fiat and Iveco for manufacture and sales.

Fiat also signed an agreement for a feasibility study on the possibility of cooperation in commercial vehicles.

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