Archive for Category: "Tata"
Businessman's slaying casts shadow over India investment
The car parts plant on the outskirts of the Indian capital where chief executive Lalit Chaudhary was clubbed to death last week by a vengeful mob of dismissed workers is deserted these days. The owners of Graziano Trasmissioni India, part of an Italian multinational, are still mulling whether to keep the plant open after 47-year-old [...]
Protests called off at Tata cheap car plant
Indian protesters on Monday suspended a siege of a factory set to build the world's cheapest car, but the site stayed shut as Tata Motors demanded pledges it would be able to operate smoothly. The decision by India's top vehicle maker came one day after the Marxist government in West Bengal state announced a deal [...]
Talks to salvage India's cheap-car plant enter second day
Talks to end violent protests over a factory in eastern India designed to manufacture the world's cheapest car entered a second day Saturday, with both sides expressing optimism. The Marxist government of West Bengal state said it was hopeful of reaching a deal in the talks that began Friday with farmers and opposition parties. “We [...]
Protesters vow to step up blockade of India's cheap car plant
Protesters opposed to a factory being set up to manufacture the world's cheapest car in eastern India said Friday they were stepping up their blockade of the plant. The new threat came a day after demonstrators prevented workers from Tata Motors, which is manufacturing the Nano car, from leaving the factory in Singur, 35 kilometres [...]
Protesters reject talks to save India's Nano car plant
Opposition leaders on Monday rejected a fresh offer of talks from the head of India's West Bengal state and vowed to continue protests against a plant where the world's cheapest car is being built. The head of opposition Trinamool Congress Mamata Banerjee, who launched an “indefinite” protest Sunday at the Tata Motors plant, said no [...]
Tata says may shift cheap Nano car plant due to protests
India's Tata Motors threatened Friday to pull production of the Nano, the world's cheapest car, out of Marxist-ruled West Bengal state if violent protests continued against the plant. “It is for the people of West Bengal and Kolkata to decide whether we are unwanted or to accept us as a good corporate citizen,” Tata Group [...]
Police, Indian farmers clash at world's cheapest car plant
Police on Friday fired teargas at farmers protesting the acquisition of land in eastern India for a Tata Motor plant to build the world's cheapest car, the Nano, officials said. Some 200 farmers tried to block visiting Tata executives from entering the Nano plant in West Bengal state's Singhur district, police officials said. Police inspector-general [...]
Tata completes Jaguar-Land Rover acquisition
India's truck and car-maker Tata Motors announced Monday it had completed its acquisition of Jaguar and Land Rover from ailing US carmaker Ford for 2.3 billion dollars in an all-cash transaction. In a statement to the Mumbai stock exchange, it said the deal includes the “ownership of Jaguar and Land Rover, all necessary intellectual property [...]
Autoliv to make Nano's air bag for $10
Tata Motors has asked the automotive safety component maker Autoliv IFB India to develop a $10 air bag for its small car Nano. This will be the world's cheapest air bag, as those fitted in other small cars like the Zen Estilo start from $150. Nano is likely to have two frontal air bags for [...]
Tata acquires Jaguar, Land Rover for 2.3 billion dollars
India's Tata Motors said Wednesday it was buying British luxury icons Jaguar and Land Rover from ailing US carmaker Ford for 2.3 billion dollars as it vaulted into the premium global car market. The cash purchase, part of plans by India's top vehicle maker to expand its reach beyond Asia, capped months of talks with [...]
