BUSINESS: Vancouver’s Westport Innovations signs engine development deal with India’s Tata Motors

THE CANADIAN PRESS

VANCOUVER — On Tuesday, Vancouver-based Westport Innovations Inc. (TSX:WPT) announced a deal with India’s Tata Motors to develop an engine for light- and medium-duty trucks and buses.

Workers wipe the low-cost Nano car manufactured by Tata of India, which owns British luxury brands Jaguar and Land Rover, during the 20th Indonesia International Motor Show 2012 in Jakarta, Indonesia on Sept. 22, 2012. Bay Ismoyo/AFP/Getty Images

“This is a great opportunity to work with India’s largest engine manufacturer in a fast-growing marketplace demanding cost-effective and environmentally conscious solutions,” said Westport executive vice-president Nicholas Sonntag.

Commercialization is expected to follow the development phase, with Westport supplying key natural gas engine components.

Tata Motors is India’s largest automobile company, with operations in Britain, South Korea, Thailand, Spain and South Africa as well as India. It is also the world’s fourth- largest truck and bus manufacturer.

Westport is to release its financial results after the close of markets on Nov. 8.

Tags: Tata, Westport