Updated: Tue, 11 Sep 2012 12:09:59 GMT | By Agence France-Presse

India's Tata Motors enters Indonesia

India's leading vehicle maker Tata Motors announced Tuesday it had set up a wholly owned Jakarta-based subsidiary, PT Tata Motors Indonesia, to start selling vehicles next year.

"Our research is showing that there is a large opportunity for Tata vehicles in Indonesia, with operating conditions and customer needs being very similar to those in India," Tata Motors' Indonesia director Biswadev Sengupta said.

Sengupta said the Indonesian unit would set up a network of about 60 full-service dealers and 100 workshops over three years.

Tata Motors, which owns British luxury brands Jaguar and Land Rover and also makes the low-cost Nano car, reported a 12.2 percent rise in profits in the three months to June, below market forecasts.

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