Tata Motors

Japan, Inc., May-June, 2008 by Greg Lane

Producer of the US$2,500 'People's car,' Tata Motors of India announced that it will tap into Japanese capital markets with a listing on the Tokyo Stock Exchange. Although it is not clear how much the listing is intended to raise, according to the Nikkei Shimbun Tata is set to list this summer. The announcement of the listing follows Tata's landmark acquisition of British makes Jaguar and Land Rover for US2$billion from Ford--announcing the Indian company as a genuine player in the global auto-manufacturing market.

In terms of listings by foreign firms on the TSE, this will be one of the most significant listings for some time.