Mumbai: Tata Motors (TACO) is gearing up for a major project. Tata Group’s $103.1 billion auto parts unit is looking for opportunities in India and abroad.

The company said it plans to invest Rs 100 crore in organic expansion over the next three to four years and is looking for managing director Ajay Tandon.

The listed foreign acquisitions could be worth more than $200 million (Rs 13 billion) and could be completed in the next six months to two years. Earlier this year, Tata Motors acquired TitanX, a Swedish supplier of powertrain components.This will triple our overseas sales contribution from 12% in the high fiscal of 2016, giving us the confidence to do more foreign trade.

P’s acquisition began three years ago with the goal of growing to become one of India’s top 10 automotive component manufacturers by 2021 and one of India’s top five automotive component manufacturers by 2025.

McKinsey conducted a survey of 3,500 many companies and found that the Swedish company chose to closely track about 32 A company. Tandon said the deal gives Tata Motors access to cutting-edge technology and geographic reach.

“We call it a dream target. A buyout can only be successful if a private equity firm intervenes or the owner wants to give up the business because there is no second line. The third filter is a very important one, which is feasibility.” “That’s the challenge: you have to be sustainable and profitable.”

TACO The business, which is involved in plastics, sheet, composites, supply chain and engineering, is expected to have revenues of about $700 million for the fiscal year that began in April, up 50 percent from last year.

The company’s profits are expected to grow at a similar rate. The company will also shift from cars and trucks to two-wheelers, tractors and off-road vehicles. With annual sales of $200 million, TACO has the opportunity to interact with global giants such as Volvo, Daimler, and Scania and enter the US and European markets. India plans to adopt it by 2020.

In 2013, Tata Motors set an ambitious target of $2.1 billion in revenue by 2020-2021. Achieving that goal will require a big leap forward. “You can’t do that with organic growth alone. Another acquisition will have to be made. We may do that in the next 66 years. By 24 Tandon said, “Consider an acquisition within a month.

The strategy itself needs to be revisited now, he said. “2013 This year is very different. Today, it’s about Internet cars, self-driving cars, emissions, alternative fuels and shared travel. The world is changing and so are the types of companies you will see. You have to think about it.”

While the acquisition of TitanXXX it will enable Tata Motors to meet customers’ emissions requirements, Tandon it hinted at a new goal, saying he is interested in developing electric, hybrid and connected technologies.

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