BRAZIL/SOUTH AMERICA REPORT
The São Paulo state government is working to attract the attention of automotive companies to the state, including Tata Motors, a subsidiary of the giant Indian-based Tata Group.
Tata’s staff has been in Brazil since the end of August 2024 and they will meet São Paulo government again in Germany by the end of September.
The secretary of Government, Jorge Lima, also revealed negotiations with a Chinese auto parts manufacturers for a factory in the state. The company’s name remains confidential, as São Paulo is competing with Minas Gerais and Paraná for the facility.
Source: Automotive Business Read The Article
PSR Analysis: Indian Companies have been looking at the Brazilian and South American Market since 2000 and now the announcement made by the São Paulo Government shows some movement to make it more than just a study. The experience with Ethanol that Brazil and India have and comparable size and cost for low end vehicles adds data to the business decision. PSR
Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research
