Tata to set up $100m assembly facility in Mexico

Car factory

Tata Motors Limited (NYSE: TM) (LSE: TYT) (TYO: 7203), the India-based automaker that owns the Jaguar and Land Rover brands, is set to establish a $100m assembly facility in Mexico.

It is expected that the automaker will assemble the Tata Vista, Tata Indica, Tata Manza, Tata Aria and Nano in the country.

The plant could begin production as early as 2012 and produce 50,000 units per annum, as this would qualify it for some duty exemption. Grupo Autofin, a Mexican automotive financing company, is Tata’s local partner.

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