Tata Motors vendors' demands to be placed before state govt
Published on Mon, Sep 29, 2008 at 20:40 , Source : CNBC-TV18
Here is a verbatim transcript of Swati Khandelwal’s comments on CNBC-TV18.
Tata Motors has asked its vendors for their demands in order to negotiate with the state government on their behalf, reports CNBC-TV18 quoting sources. The company is in the process of short listing states for Nano's mother plant. The car may be rolled out on time from the satellite plant, which is Pant Nagar. Tata Motors is trying to get as much compensation to recover the Rs 1,500 crore loss it incurred.
The vendors seek the same sops and benefits as may be provided to Tata Motors. The vendors got no sops in Singur, all the benefits were given only to Tata Motors. The vendors investment ranges anywhere from Rs 1 crore to Rs 20 crore odd. That investment will have some losses and they want to cover as much losses as they can and get the best deal out of the three states that they are looking at.
Menawhile, efforts to woo Tata Motors continue. The Chief Minister of Karnataka BS Yediyurappa, has written to Tata motors inviting them for further discussions on the possibility of the Nano plant in Dharwad. He has again made an offer of maximum support from the state government.
Tata Motors will respond on October 3. Tata Motors has already surveyed two sites in Dharwad for the plant.
