Pininfarina intends to establish a Research,
Design and Engineering Centre in Pune, India
this year with Tata Motors set to support
this new Centre in with contracts and direct
participation through a minority interest.
intends to establish a Research, Design and Engineering
Centre in Pune, India before the end of 2008.
Pininfarina and Tata have signed a Letter of Intent
wherein Tata will support this Centre in India with
contracts and participate with a minority interest.
Pininfarina will be the majority shareholder with
witnesses the great attention Pininfarina is dedicating to
an emerging and highly developing market such as the Indian
one," declared Andrea Pininfarina, Chairman and CEO of
Pininfarina S.p.A. "Thanks to our partner, one of the
worldwide major automotive manufacturers with strong roots
on the Indian market, we will reach a higher excellence
level in the design and engineering sectors."
The Centre, that
will be able to provide its services also to other Indian
and international automotive manufacturers, enlarges the
Pininfarina offer of services to the OEMs, thus
strengthening the engineering best cost services developed
since 2005 with Pininfarina’s Moroccan engineering centre.
This investment also highlights Pininfarina’s strong desire
to work with new and significant players in the world motor
vehicle industry, as well as with established players,
looking to improve its competitive position.
To further reinforce the strategic tie
between Tata Group and Pininfarina Group Ratan Tata,
Chairman of Tata Industries Limited, has expressed interest
in the Tata Companies participating Pininfarina’s planned
capital increase with the subscription of a portion of the
options that will be assigned to the Pininfarina family.