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Tata Motors eyeing acquisition in the US?
US is the Mecca of the global auto industry and Indian automobile major Tata Motors is learnt to be working on a strategy which will help it have a direct presence there. The company is learnt to be lining up an acquisition in the US, reports CNBC-TV18.
US is the Mecca of the global auto industry and Indian automobile major Tata Motors is learnt to be working on a strategy which will help it have a direct presence there. The company is learnt to be lining up an acquisition in the US, reports CNBC-TV18.
American Axle & Manufacturing, which makes driveline & drive train systems and is a USD 3.4 billion company, is said to be on Tata Motors' list. But Tata Motors says it has no plans of such an acquisition.
Companies like Delphi and Visteon may also see new stakeholders, sources told CNBC-TV18.
But analysts say the US acquisition may take time due to high labour cost and other liabilities.
CNBC-TV18 Disclaimer: This information has not been provided to the stock exchanges, and is source-based.
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American Axle & Manufacturing, which makes driveline & drive train systems and is a USD 3.4 billion company, is said to be on Tata Motors' list. But Tata Motors says it has no plans of such an acquisition. 
