Tata Motors Head, International Business-Passenger Vehicles Johnny Oommen said the company will enter into the market with the Manza Sedan, Vista Hatch, Indigo Sedan and Indica Hatch.
Tata Motors is foraying into the Philippines market with the export of passenger and commercial vehicles, including Manza sedan and Xenon pick up trucks, to the South East Asian nation.
"The company will commence its business in the Philippines with exports of the Manza, the Vista, the Indigo and the Indica from its passenger vehicles portfolio and the Xenon, the Ace and the Super Ace from its commercial vehicles range," Tata Motors said in a statement.
The company has appointed Pilipinas Taj Autogroup Inc, as its distributor in Philippines, it added.
"With Horizonext, we have embarked on a journey with a commitment to excite our customer globally and we look forward to unfold our strategy in the Philippines for a deeper presence in this market across several product segments," Tata Motors Head International Business-Commercial Vehicles RT Wasan said.
To start with the company has lined up the Xenon, the Super Ace and the Ace at MIAS based on intense study and understanding of the customers and their requirements in the Philippines, he added.
Tata Motors Head, International Business-Passenger Vehicles Johnny Oommen said the company will enter into the market with the Manza Sedan, Vista Hatch, Indigo Sedan and Indica Hatch.
"Going forward, we plan to augment our offerings by including other products in our portfolio on a regular basis," he added.
Tata Motors began its international journey in 1961 and today the company has presence in various countries across Europe, Latin America, Africa, Russia, Middle East, Asia and lately Australia.
The ASEAN region is a focus region for Tata Motors, with presence in Thailand, Indonesia, Malaysia and Myanmar.
Tata Motors stock price
On April 03, 2014, Tata Motors closed at Rs 411.25, down Rs 2.3, or 0.56 percent. The 52-week high of the share was Rs 420.30 and the 52-week low was Rs 252.10.
The company's trailing 12-month (TTM) EPS was at Rs 2.61 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 157.57. The latest book value of the company is Rs 59.47 per share. At current value, the price-to-book value of the company is 6.92.
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