Tata Motors to Enter Egyptian Market

Friday 12 November 2010, 00:00 AM by Payal Pathak

Egyptian car makers have been known to import and assemble parts of imported cars to sell in the domestic market. Recently, the car market in Egypt had been reeling under the economic pressures but the same has started waning and car sales have started picking up equivalent to pre-2008 sales. One of the main reasons attributed to soaring car sales its government aid given especially to offer affordable cars to taxi drivers in the country.

Now Egypt’s biggest automobile manufacturer GB Auto is in talks with Tata Motors negotiating to sell Tata models in Egypt. "We are in advanced phases of negotiations with Tata Motors, and we think that we are very close," Chairman and CEO Raouf Ghabbour stated to the press. GB Auto manufactures, assembles, imports and distributes vehicles for Hyundai Motor Co, Bajaj Auto Ltd , Mitsubishi Motors Corp, Volvo AB and Mazda Motor Corp. He also added that the company is considering sourcing new car models from origins in India and China.

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