India’s Tata Motors Co. Ltd. signs a 500 million baht ($13.7 million) joint venture agreement with Thailand’s Thonburi Automotive Assembly Plant Co. to produce 1-ton pickup trucks for the domestic and export markets. Tata will hold a 70% stake in the new JV, while Thonburi will hold the remaining 30%. The deal gives the Indian auto maker entry into Thailand’s booming pickup market. ‘’The introduction of Tata’s pickups and a manufacturing facility in Thailand provide a unique opportunity ...
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