Tata to produce Rs 1 lakh car at Dharwad
Financial Express.com
In discussion with TVS, Hero and Kinetic to co-invest in multi-location assembly facilities
RAJEEV DUBEY & RAVI KRISHNAN
Friday, January 13, 2006
NEW DELHI, JAN 12: Tata Motors has shortlisted Dharwad in Karnataka-where the group’s excavators business is located-as one of the 3-4 locations to produce its Rs 1 lakh car, its engines and the powertrain which are being developed in-house. The project is code named Project X3. The choice of Dharwad on the Bangalore-Pune Highway is to make best use of two of India’s largest auto component manufacturing hubs.
For other locations, Tatas are in discussion with the TVS group, Hero group and Kinetic Motor to co-invest in the multi-location assembly facilities for its Rs 1 lakh car, according to senior officials of component suppliers who have participated in discussions with Tata Motors.
When contacted, Tata Motors spokesperson said, “ I cannot commet on the Rs 1 lakh car.”TVS Motor managing director Venu Srinivasan said, “No such proposal has come to me though I can’t say for any other TVS group company.”
Group chairman Ratan Tata has targeted annual sales of 1 million units-nearly equivalent to India’s current size of the passenger vehicle market-for the new vehicle due for launch in 2008. The company has planned multi-location assembly of the car to cater to these volumes.
Tata Motors has also decided to power this car with a Euro IV compliant 700cc petrol engine, rather than a diesel engine. Group chairman Mr Ratan Tata has already declared that it will be a rear-wheel powered car which means that the engine will be at the back of the car. The engine is currently going through validation and the first engine ‘Alpha’ will roll out by June this year, according to sources close to the development.
Sources say Tata Motors has opted for a 700cc petrol engine as it will be a light car and will not be able to withstand the vibrations generated by a diesel engine. Besides, diesel engines are more expensive than petrol engines which would have impacted the pricing of the car. The other reason being that the customer would benchmark the Tata car with the Maruti 800 which delivers 45 bhp at 6,000 rpm. It would require a higher cubic capacity diesel engine to deliver this level of power in the car.
Friday, January 13, 2006
Investors meet at Hubli
Investors meet at Hubli
Business Standard
Our Correspondent / Hubli January 13, 2006
In a bid to showcase the available facilities at Hubli Software Technology Park and attract investment in the ITPO and Knowledge Process Outsourcing (KPO) sector, the department of information technology and biotechnology is organising an investors’ meet at Hubli on January 28.
Dharwad deputy commissioner M S Srikar said the district administration along with Karnatak Chamber of Commerce and Industry and KLE Society’s B V B College of Engineering and Technology were hosting the meet jointly.
He said the main objective was to woo the potential IT investors to north Karnataka in the wake of infrastructure bottlenecks faced by the investors in Bangalore.
The state government is likely to announce an attractive package at the meet to woo investors to Hubli STP managed by Keonics.
At a preparatory meeting held at Hubli last week the stakeholders provided necessary inputs to the district administration to make the meet successful. Hubli is getting a facelift with important arterial roads being relaid. To support small IT players and students the IBM has set up an advanced centre for excellence at BVB College of Engineering and Technology.
Meanwhile, the BIC Society launched by former chief secretary B S Patil too has managed to organise a training programme for the IT aspirants in the region.
The College of Business Administration run by KLE Society in Hubli will conduct a screening test to train the final year degree course students for the BPO industry. This is the first time that such a training programme is organised in north Karnatak. Till now the aspirants were required to go to Pune, Mumbai and Bangalore for such training
Business Standard
Our Correspondent / Hubli January 13, 2006
In a bid to showcase the available facilities at Hubli Software Technology Park and attract investment in the ITPO and Knowledge Process Outsourcing (KPO) sector, the department of information technology and biotechnology is organising an investors’ meet at Hubli on January 28.
Dharwad deputy commissioner M S Srikar said the district administration along with Karnatak Chamber of Commerce and Industry and KLE Society’s B V B College of Engineering and Technology were hosting the meet jointly.
He said the main objective was to woo the potential IT investors to north Karnataka in the wake of infrastructure bottlenecks faced by the investors in Bangalore.
The state government is likely to announce an attractive package at the meet to woo investors to Hubli STP managed by Keonics.
At a preparatory meeting held at Hubli last week the stakeholders provided necessary inputs to the district administration to make the meet successful. Hubli is getting a facelift with important arterial roads being relaid. To support small IT players and students the IBM has set up an advanced centre for excellence at BVB College of Engineering and Technology.
Meanwhile, the BIC Society launched by former chief secretary B S Patil too has managed to organise a training programme for the IT aspirants in the region.
The College of Business Administration run by KLE Society in Hubli will conduct a screening test to train the final year degree course students for the BPO industry. This is the first time that such a training programme is organised in north Karnatak. Till now the aspirants were required to go to Pune, Mumbai and Bangalore for such training
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