Tata threatens pull out from U.K if money is not loaned
Paranjay Dutt, Likes to read, write, and talk about automobiles whenever he can. The rest of the time, he can be seen behind his camera. Totally fails at writing Author Info, though.
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
The U.K government is looking at several other electric car makers as part of its long-term plan to increase alternate fuel vehicles on British roads. Tata was among the first to put its hand up, but now, it seems like they have been neglected.
Tata is clearly running out of patience and I'm sure the team charged with controlling the Vista EV project will have plenty of back up plans. The Midlands Motor Show which happens on the first two weeks of next month will have the Vista EV on display and probably an announcement on its future in Britain could be issued.
Source - All Cars Electric
Tata Indica Vista EV Image slideshow
can't view the slideshow above? Go right to the Tata Indica Vista EV Gallery