Tata Motors puts italian designs on slow track
MUMBAI: Tata Motors may not join the race to pick up a majority stake in Italian car design firm Pininfarina, contrary to expectations that the Indian carmaker will make a bid to fulfil its plan to have a specialised design company.
The Tatas are not keen because the firm, which has developed cars for the likes of Ferrari, Jaguar and Rolls-Royce, has recently lost a number of key people from its design team, people familiar with the development said. Tata Motors, however, is looking at picking up minority stake when Pininfarina opens an India centre, a company spokesman said.
(Source: The Economic Times)