India's auto major Tata Motors Ltd has launched its mini-truck 'Ace Super City Giant' in Thailand and also disclosed plans to enter the Thai car market in the next couple of years.
The company is also seeking to tap opportunities in Malaysia and Indonesia.
"We would like to get into the car market here soon. Small car is the largest segment here and in a couple of year's time we expect to be there," Tata Motors Thailand CEO Ajit Venkataraman said at the Thailand International Motor Expo.
The company said it was also actively working to enter medium and heavy commercial vehicles segment in Malaysia and Indonesia.
Commenting on the entry in the Thailand's mini-truck market, Tata Motors Thailand general manager Sompong Polchitcharoon said the company expected to sell about 150 units a month of the Ace Super City Giant.
On Tuesday, Tata Motors rose 4.31% to Rs1,237.10 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.60% at 19,521.25 points.
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