-1.20 (-0.36%) TATA Motors is set to launch a vehicle assembly plant in Nigeria. The company will be partnering Iron Products and Industries (IPI) that will fund the investment to the tune of $8 million on equipment and other machinery to assemble the Tata Zenon range of Pick-up trucks in Lagos, Nigeria’s commercial capital.
Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.