Tata Motors plans to launch ACE in the United States

Tata Motors plans to launch ACE in the United States July 03, 2008 Indian Auto major Tata Motors has finally decided to make its debut in the United States. The company is planning to enter the US market with ACE and looking for a partnership with Chrysler for its US foray. The company is engaged in manufacture of commercial and passenger vehicles primarily in India. It offers passenger cars, multi-utility vehicles, and pick-ups; medium and heavy commercial vehicles, such as rigid trucks, tractor trailers, and tippers; commercial trucks; buses and defense related vehicles. The company is now planning to launch its mini truck named ACE in the United States and also planning to distribute and market other products in partnership the Chrysler. The company will be launching a newer version of the ACE in USA. Tata Motors is also expanding its product portfolio domestically. The company has been in the news for its 1-lakh small car. Tata’s major passenger cars include Tata Indica, Tata Safari, Tata Indigo and new Sumo. At 2:30 p.m. the stock was up by 8% at Rs. 755 on NSE. The stock touched an intraday high of Rs. 759 and an intraday low of Rs. 706.