Tata Motors in talks with gov’t to invest in automotive sector
India’s Tata Motors is in talks with the Egyptian government to assemble its cars locally in Egypt, two officials close to the matter told Enterprise. Meetings with Tata and other automotive companies from Japan and China will continue until early next year, with agreements expected to be signed soon after, the officials said. This comes as Nissan is in talks with the Trade and Industry Ministry for a project in Ain Sokhna, Public Enterprises Minister Hisham Tawfik told local press. The Trade and Industry Ministry is also in talks with China’s Dongfeng, which is studying the possibility of manufacturing electric cars in Egypt, which can be used by the government, turned into taxis or exported to Europe, the Ministry said.
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