This is interesting. A word of advise to the British Authorities – Tata walked out of Singur in West Bengal (after setting up a few thousand crore infrastructure for rolling out the Nano) since politics prevailed over the ownership of a part of that plant. Tata Motors is not the type that would stick around and settle for any compromises.
Back in April this year, Tata Motors was sanctioned to receive a loan of 10m pounds from the UK government. The loans would be used up to install a production line that would roll out the Indica Vista EV for domestic consumption.
A few days back, Tata was told it would take 8 more weeks before the business department of the UK govt looks into the case and comes to a decision of handing over the money or not.
Tata isn’t liking any of this
click through to read the entire episode
