Wednesday, November 12th, 2008
The Gujarat state government will give benefits worth Rs. 95 billion to the Tata Motors project in Sanand. The company has recently shifted its manufacturing operations to manufacture the world’s cheapest car, Tata Nano . The state government shall offer benefits in terms of development of infrastructure, project area and other resources.
Tata Motors will need to pay for the project from 20 years of commencement of the project. The interest rate for the repayment amount will be 0.1 percent. The repayment will be adjusted against the value added tax dues on the company.
Tata Motors plans to develop a “Transport Nagar” near the plant location in Charodi. It also plans to build a township keeping in mind the developing plant and its HR requirements. The government has also pledged to provide hundred acres of land for developing the proposed township.
[via: cartradeindia]
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Thursday, November 6th, 2008
Hyundai Motor India Ltd today said it is working on a new ‘mini car’ in the entry-level segment, which should hit the roads by 2011.
“We are developing a small car in the entry level range and it should hit the market by 2011,” HMIL Managing Director H S Lheem told reporters here. He, however, refused to divulge the details including the cost of the proposed car. A query, whether the HMIL’s small car was being planned to compete with the Tata ’s Nano , failed to elicit any response from the company officials, though sources said the target group for this product would be the same as Nano’s - two-wheeler users aspiring for a car.
Lheem further said the car would be manufactured from the company’s existing plant at Sriperumbudur, about 40 km from here. “We have adequate capacity to manufacture (the new car) in the plant. It’s capacity is about 6.5 lakh cars per annum and we are sure that it will accommodate,” Lheem, who was here to flag off the company’s ‘i20‘ range of cars, produced at the Sriperumbudur plant, to the European market, said.
[Via: sakaalytimes]
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Monday, November 3rd, 2008
The ruling Left Front indicated that Tata Motors should return the land at Singur to the West Bengal State government. They also indicated that the State government must take steps to promote and set up alternative industries on the land acquired by them.
According to the Left Front, Tata Motors has decided not to utilise the land for their much debated Nano project. Thus, the company should return the land to the state government so that alternative industries can be developed. Moreover, the land that cannot be returned to the farmers, it should be auctioned as per the Land Acquisition Act of India.
“We have asked the state government to go ahead in setting up alternative industries at Singur,” said Biman Bose, Left Front Chairman. “Talks are on in this regard. We are looking into all possibilities for setting up alternative industries at Singur,” reciprocated Buddhadeb Bhattacharjee, Chief Minister, the State of West Bengal.
Tata Motors had shut down the Nano plant amidst growing protests from the farmers in Singur who wanted their land to be returned to them. The protests were led by the Opposition party, Trinamool Congress, headed by Mamata Banerjee.
[Via: cartradeindia]
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Monday, October 27th, 2008
Japanese automotive components manufacturer, Denso has developed a new automotive air-conditioning unit, which it claims is about 20% smaller in volume compared to conventional units. The new system will initially be installed on the Toyota iQ compact car, which will be launched in Japan next month and in Europe in early 2009.
According to Denso, new resin moulding technologies have been used, which allows the size of the blower unit (containing the blower fan) to be reduced to almost half the size of a conventional unit, leading to a significant reduction in size of the entire AC unit.
[Via: indiautomotive]
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Wednesday, October 22nd, 2008
With the Singur debacle, it was almost inevitable that the launch date for the Tata Nano would have to be pushed back by a couple of months. And indeed, it now seems certain that the Nano will miss its earlier launch deadline of November-December this year.
While Tata Motors is struggling to start production of the Nano at its Pantnagar plant (the aim being to produce around 48,000 units per annum from this plant in Uttarakhand), the launch is now likely to happen only in the January-March 2009 quarter.
Tata Motors has, reportedly, asked its vendors to be prepared for supplying components for only 3,500 - 4,000 Nanos on a monthly basis for now. The company, which wants to ensure continuous supply once the car is actually launched, is taking no chances on quality control and will prefer to defer the launch by 2 - 3 months rather than launch the car in a big hurry and then face problems later.
Via: indiaautomotive]
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Wednesday, October 22nd, 2008
Tata Nano will soon have a competitor from Honda Siel Cars India Ltd. Bajaj-Renault-Nissan have already announced to launch their Nano competitor in the Indian market and Honda Motor Company from Japan recently shook hands with Siddharth Sriram Group to launch a second small car in India.
The new small car will be a 600cc car that will be launched in the B or B+ segment. The 600cc K-series engine, currently being sold only in Japan, will power the new car model in India. It will roll out from the Rajasthan manufacturing facility and will be designed specifically for the Indian driving conditions.
The company also plans to launch its hatchback model, Jazz , in India which is a premium model powered by a 1200cc engine. It will be available in India by 2009.
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Tuesday, October 21st, 2008
Tata Motors is all set to introduce a first of its kind venture with State Bank of India. The bank and Tata Motors are forging a strategic alliance to avail loans for the buyer’s of world’s cheapest car.
According to this unique strategy, the Nano dealers will accept only SBI cheque towards payments for Tata Nano. Only State Bank of India will avail loans for Tata Nano and those availing loans will have to issue demand draft of SBI in favour of Tata Motors.
An official report regarding such an alliance is still awaited. However, well-placed company sources state that the final negotiations for terms and conditions of such an alliance are already in the process. Tata Motors is looking to exploit the well placed network State Bank of India and its seven associate banks. SBI currently has 11000 branches across the country and the seven associate banks have 2000 more branches.
[Via: indiaautomotive]
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Tuesday, October 21st, 2008
A wholly owned subsidiary of Jamna Auto Industries Ltd., Jai Springs Group (JSG) has started production of suspension components for the Tata Nano. JSG, leading suppliers of leaf-springs and parabolic springs for commercial vehicles, are making suspension components for the Nano at their plant in Pantnagar (in Uttarakhand), from where the Nano is slated to roll by the end of this year.
JSG’s plant at Pantnagar will primararily cater to Tata Motors’ requirements for the Ace mini-truck, the Nano, and some of Ashok Leyland’s commercial vehicles. Jamna Auto is reported to have spent about Rs three crore towards setting up this plant and the company plans to increase capacity to 24,000 MTPA by the end of the current fiscal.
[Via: indiaautomotive]
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Thursday, October 16th, 2008
A gandhinagar-based activist, representing the Rashtriya Kisan Dal, filed a Public Interest Litigation in the Gujarat High Court on Wednesday, seeking termination of the agreement signed between Tata Motors and the state Government for the Nano car plant at Sanand.
A Division Bench comprising Chief Justice K S Radhakrishnan and Aquil Qureshi, however, adjourned the matter for post-Diwali holidays, that is after November 9. The court asked petitioner H K Thakar to file the petition in English. The application submitted today was in Gujarati language and the Chief Justice, who belongs to Kerala, is not acquainted with the language.
The petition running into 14-pages, besides documents and evidences in support of the contention, also urged that no construction be allowed at the plant site in Chharodi village and no financial or subsidies be extended to the Tatas. It contended that big industries are not eligible for any kind of subsidy under the state government’s new industrial policy adopted a year ago.
The petitioner pointed out that the government’s decision to allot land to the Tatas at “throw-away prices” was in total violation of the rules and regulations. He said the land in question was acquired by the British government on a 90-year lease for agricultural purposes and for change of use, the government should have issued notices and given a chance to the original owners of the land to put forward their views on the issue. But it was directly allotted to the Tata Motors, thus “raising apprehension of some kind of scandal in the deal,” he said.
[Via: newspaper]
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Thursday, October 16th, 2008
The Gujarat Cabinet today decided to charge Rs 900 per square metre from Tata for the 1,100 acre given for Nano Car Project in Sanand, which means the company will have to pay Rs 400.65 crore for the land. A state cabinet meeting, chaired by Chief Minister Narendra Modi, took the decision on the basis of recommendation of state-level land valuation committee of the state government, official sources said.
The cabinet also decided that if the Tatas pay late then they will be charged compound interest of eight per cent from the date of allocation of the land. The state government has given 1,100 acres of land near Charodi village in Sanand taluk on the outskrits of the city to the Tata’s for the relocation of their Nano car project from Singur in West Bengal. An agreement was signed between Gujarat government and the Tatas last week for establishment of the project.
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