Thailand government had launched an ambitious eco-car project last month where it invited automakers to build environmentally friendly cars in Thailand for the global market. Tata Motors had earlier announced that it will invest close to Rs 700 crores in the project to develop its eco-friendly car model in Thailand that would be sold globally. Now the company has pulled out the project for reasons unknown.
There had been speculations that Tata Motors was wavering from the project but the official spokesperson had regularly dismissed any such rumours. It had stated that it will build its eco-car powered by 1300cc engine and the model will be ready by 2012. The new environmentally friendly model would further have a different design from its existing product portfolio and would be specifically tailor made for the local needs.
As Tata Motors pulls out of the project, speculations are rife about the probable reasons. Thai media is speculating that Tata Motors does not find the project as a feasible one. Sources close to Tata Motors state that the company feels it is better to introduce Nano variant than to set up a completely independent project in Thailand. However, Tata Motors remains tight-lipped once again about the actual reason.
