Tata Motors today said that it plans to expand its commercial vehicles business in India and launch a few more models from its passenger vehicle stable, mainly Jaguar, by this year-end.
"We plan to launch a few more models by this year end," Tata Motors managing director and chief executive officer Carl Peter Forster told reporters in Mumbai.
The move comes in the wake of a rising demand for trucks and automobiles in the domestic market.
The new products will be from the company's luxury brands stable of Jaguar, Forster said. The Tata Group company might also set up a plant to manufacture small trucks, he added.
Eyeing a huge opportunity globally in the trucks business, Tata Motors is exploring synergies with its joint venture partner, the Italian auto giant Fiat, Forster said.
"Tata has all the ingredients to be and it is our ambition to be a big player globally," he said.