Tata will invest in a Thai factory

Tata Motors Ltd, India's biggest truck and bus maker, will invest 1.3 billion baht ($43 million) in a Thai factory to produce pickup trucks as part of the company's strategy of overseas expansion.

"This will go mainly towards equipment for the assembly facility," Ajit Venkataraman, chief executive officer of the Thai unit said in a statement yesterday in Bangkok. "We expect to roll out the pickup trucks in 2008."

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