Tata Motors

"India's Tata Motors is in talks with a local manufacturer here to set up a joint venture for assembling its petrol cars in Iran as it looks to tap the fast growing market that has just emerged from sanctions. Tata Motors is talking to Iran Khodro Company for a joint venture to assemble knocked down units of the petrol versions of its models, including the latest compact car Tiago, Bolt and Zest, which are powered by the company's new Revotron petrol engines, sources said here. Knocked down version of the cars will be imported and assembled at Iran Khodro's manufacturing facility after adding local contents like tyres and batteries. Tata Motors will use Iran Khodro's sales network to sell the cars. The branding will be of Tata Motors and Iran Khodro will be just a contract manufacturer, they said, adding that Tata Motors will start assembling in Iran in less than 2 years." (Press Trust of India, “Tata Motors in talks to set up car unit in Iran,” 5/22/2016) (http://economictimes.indiatimes.com/industry/auto/news/industry/tata-motors-in-talks-to-set-up-car-unit-in-iran/articleshow/52385611.cms)