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| Nano facility in Gujarat to be ready by January: Tata |
| Press Trust of India / Mumbai Aug 25, 2009, 21:47 IST |
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Tata Motors today said its plant in Gujarat which will manufacture the Nano, considered as the world's cheapest car, will be completed by January next year.
"The Sanand plant will be ready by January next year. At first stage, the plant will produce more yellow and silver coloured cars as they are in demand in the market," Chairman Ratan Tata said at the company's Annual General Meeting here.
He said the Sanand plant would supplement the production of the Rs 1-lakh car that is now coming out of the company's facility at Pantnagar in Uttarakhand.
Last year, Tata Motors pulled out of the proposed Nano site at Singur, West Bengal, following agitation and relocated the plant to Sanand, on the outskirts of Ahmedabad.
The shifting of the plant cost the company Rs 100 crore, Tata said, adding, the net loss on account of the relocation had not been assessed yet.
The car, touted as the cheapest in the world, would initially cater to the Indian market but the company plans to export the vehicle to Europe, Africa and Asia, he said.
Nano was launched in Mumbai last month.
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