Thailand | Pixr8 News

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...

The Southeast Asia based restaurant booking company Eatigo has raised a considerable amount of funds from its existing investor TripAdvisor. The funding amount has not been disclosed yet. The other sources, however, claim that the funding amount was $9.5 million making the whole capital raised by the firm to about $25 million. The valuation of the company till now was $15.5 million and after the latest funding, it has raised. The funds so raised will be utilized for the further expansion in markets “within Southeast Asia and beyond,” though the company’s “key focus remains within Asia.” “TripAdvisor has been helpful in optimizing our efficiency, sharing best practices for organizational structures, and cooperating in the commercial field,” said Michael Cluzel, Eatigo co-founder and ...

Tag: Thailand

Tata Motors Halts Operations in Thailand

Thailand Based Eatigo Raised Funds From the Leading Travel Firm