Tata Motors to go ahead with Thai eco-car project
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Contrary to recent media reports, Tata Motors reaffirmed its stand on the eco-car project in Thailand. The company announced it will stick to original plans of manufacturing a sub-1,300 cc mini car by 2012 which has nothing to do with the Nano, specially for the Thailand market.
The car engineered to suit local needs, will share little or nothing in common with the present line-up.
Reports written in Thai newspapers recently suggested Tata would alter its investment plans original due to poor economic conditions. The eco-car project is a government initiative to attract car makers from around the world to set up facilities in the country and make eco-friendly cars.
The rules of the project require a minimum of 100,000 units of small passenger cars to be manufactured annually. Special tax incentives are also offered to the participants to make it a very attractive proposition.
Toyota Motor , Mitsubishi Motors , Nissan Motor , Honda Motor and Suzuki Motor are Tata's newly found enemies peers in Thailand, who are all working on their own eco cars for the Thai market.
Source - Reuters