Tata Motors Halts Operations in Thailand
Tata Motors, one of the largest automobile makers in India has announced that the company has decided to halt manufacturing operations in Thailand, citing viability issues. However, the company would continue to sell vehicles in the country through the medium of imports.
Tata Motors has undertaken a reassessment of its business model in Thailand to make sure that the company is sustainable over the long term. The company clearly told that the decision was taken due to a subscale and unsustainable business in the region.
“The business as it stands today is sub-scale and not sustainable. We have hence decided to cease the current manufacturing operation in this financial year," stated Tata Motors.
Moving further, Tata Motors also stated that the company would continue to address the Tha...