Tata Motors Expanding its Reach

According to a report in Economic Times, Tata Motors (TTM) might open up a new plant to make Fiat’s (FIA) 1.3-litre diesel engine. The engines will be used in both Fiat and Tata Motors vehicles in India (source:NDTV).

In other news, Tata Motors (TTM) will be rolling out a passenger version of its highly successful 1-ton truck called the Tata Ace. The vehicle will be targetted towards the rural market (source: Techwhack).

TTM 1-yr chart: