Tata to buy Chinese auto parts at 'unbelievable' prices

Tata Motors Ltd, maker of the world's cheapest car, is turning to China to buy vehicle parts that are unavailable in India as it tries to offer automatic-transmissions vehicles at home, said Ratan Tata, company chairman.

The maker of trucks, sedans and utility vehicles may benefit from the "unbelievable" prices being offered by Chinese component makers, Tata, who will step down as head of the company in December, said in an interview with the TV journalist Charlie Rose.

The company plans to buy sub-assemblies, which including automatic transmissions, from China, he said.