A Canadian company will be manufacturing auto parts for Tata's Nano, as more Canadian companies look for business avenues in India.
Kolkata-based Tara International has teamed up with China's Aucma, a leading player in the electrical vehicles and appliances segment, to manufacture this car.
Kolkata-based Tara International has teamed up with China's Aucma, a leading player in the electrical vehicles and appliances segment, to manufacture this car.
Briefing the media after a three-hour tour at the project site, Ravi Kant said the trial production would commence in June-July and after a month or two, regular production would begin. "Commercial production, that is the real thing, will start in October, around the Durga Puja time," he said.
Rs 1,199 spread comfortably across 84 months or 7 years. The rate of interest is 11-11.5 per cent, which is cheaper than a two wheeler loan.
Fiat is riding the New 500 wave across Europe since its July 2007
Nearly 80 per cent of the buyers opting for the more expensive variants instead of the base-level car which is priced at Rs 1.23 lakh (ex showroom, Delhi). The trend is based on responses from dealers and banks that took bookings in Delhi, Mumbai, Pune, Bangalore, Chandigarh and Kolkata on Thursday. The Nano CX costs Rs 1.48 lakh and the top-end LX Rs 1.72 lakh.
TT electronics Plc said on Tuesday it has secured a contract to supply speed sensors for the Indian conglomerate Tata's Rs 100,000 car, Tata Nano, which is expected to be launched later this year. However, the financial details of the contract were not revealed.
At last, rays of hope have started shining on Singur factory land, which has been lying unutilised since the Tatas decided to shift their Nano factory from there on October 3, 2008, following relentless opposition by Trinamool Congress and its allies against the company's alleged 'illegal' acquisition of farm lands.
Selected inner structural panels will be pressed and assembled by Caparo at a new facility in Singur, adjacent to the Tata Nano manufacturing plant in West Bengal.
When a car gets mixed up with national pride, just as journalism, economy and cricket have, questions are condemned to be still-born.
After land survey, field survey would start and on completion of that process, the land owners would receive their respective lands
Like many other low-unit value, fast-moving consumer goods, the Nano can be expected to alter the dynamics of its market like nothing before.
Some of the biggest and the best component suppliers in the business were roped in, with scissors and ingenuity to bring out solutions within a specified cost structure.
If Mr Tata really wants to do something for India, wouldn't he have done better if he had developed a tiny car with serious fuel emission and fuel economy innovations, instead of simply a brand?
Among other things, Ratan Tata also said, 'All I can say at the moment is that the project is highly profitable. After all, I am not doing it for philanthropy.'
In view of the expected significant demand and limited production capacity initially until the Sanand plant is fully ramped up to capacity, the Tata Nano will be available through a booking mode.
History will be created in Mumbai on Monday evening when Tata Motors launches the world's least expensive car, Nano -- a car that can redefine personal transportation in modern India.
In an effort to make the world's cheapest car more affordable, Tata Motors is exploring the possibility of providing loans for the Nano either through Tata Motors Finance, a wholly owned subsidiary, or existing financing channels.
'So far the youth were Modi's strength.' 'It now seems under pressure, and for good reason: Crisis in education, jobs, slowdown in manufacturing, and thereby trading,' points out Shekhar Gupta.
Tatas selected West Bengal for Rs 1 lakh small car Nano's plant on May 18, 2016.
NRI industrialist Swraj Paul-owned Caparo Group, a key vendor for Tata Motors' Nano project, is setting up a Rs 120-crore (Rs 1.2 billion) facility at Singur to supply sheet metal and vehicle frames for the world's cheapest car -- due for commercial launch later this year.
Launch will be under separate brand name
The reasons why American journalism is against the Tata Nano are obvious. The Nano was 'not invented here (in the United States).'
The truth is that this is an impressive realisation of a corporate vision, a car long-promised, designed explicitly to hit a price point, and one that will meet the needs of poorer consumers. It is safer than a bicycle and cleaner than an old moped.
Speaking about the field that India could enter when it came to commercial application of nano science and technology, Rao suggested that India foray into manufacturing sensors.
Though most people expected Tata Motors to select either Andhra Pradesh or Karnataka for its Nano project, it was clear that Gujarat Chief Minister Narendra Modi had done the impossible and coming from nowhere bagged the prestigious project.
'Ignorance isn't a problem when it's a question of common citizens having forgotten (or never learnt) middle school science.' 'It becomes a problem when it's displayed by policymakers and people of some influence,' says Devangshu Datta.
The Tata Motors team led by its Managing Director G Ravikant and accompanied by Karnataka Industry Minister Murugesh Nirani visited three places in and around the twin cities of Hubli-Dharwad in Karnataka. The Belur Industrial area, Mummiatti and another area around the airport near Hubli were the three sites which were offered by the government.
The Trinamool Congress on Tuesday demanded from the West Bengal government that 300 acres of land should be given from within the Tata Motors project area in Singur to "unwilling farmers".
Allegedly owned by CPI(M) promoters, it is not cultivated, says Trinamool leader. Rally turnout lower than expected.
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
Which were the five businesses Ratan Tata had great hopes for, but his successor failed to deliver?
The space agency launched 104 satellites, breaking the previous record of 37 by Russia.
The festive season, which usually starts from September, is when 35 per cent annual sales get transacted for most durables firms.
Government officials working overtime to dismantle the Tata plant and return land to farmers, says Ishita Ayan Dutt.
K K Swamy is between jobs. After spending a little over a decade running Toyota Kirloskar Motors as its deputy managing director, he made a quiet exit a month ago to move to Volkswagen India as its first managing director. He is moving lock, stock and barrel from Bangalore to Pune, where he is set to take charge on July 21.
The redi-GO will take on Maruti Suzuki's best-seller Alto, Hyundai's Eon, and Renault's Kwid
Nanotechnology can bring down farm production costs through precise and more efficient use of inputs.
Here's a recap of moments captured in India in the past 48 hours.
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