Business Standard
Friday, Jun 01, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

U'khand may get Bajaj-Renault car project
Shishir Prashant / New Delhi/ Dehra Dun Nov 13, 2009, 00:39 IST

Bajaj-Renault combine may be gearing up to take on Tata Motor’s Nano in the ultra-small car segment.

But in Uttarakhand, the speculation is rife that Bajaj-Renault is trying to explore the possibility of the small car establishment at various places including the industrial hub of Pantnagar. And it may not be very far away from where Tata Motors is currently producing Nano.

Rumors run high here that Bajaj may set up a new manufacturing facility to produce the small car in the hill state.

“There can be a possibility of a four-wheeler being produced from Uttarakhand but it can be Pune also,” said a Bajaj Auto company official.

The other possibility may be of the expansion of Pantnagar facility of Bajaj Auto. But in such a scenario, the company can look for extra land close to its existing plant.

As the speculation grows, the Uttarakhand government, which lost the race to Gujarat as far as permanent plant of Nano was concerned, said it was ready to roll out a red carpet welcome to Bajaj-Renault in case the small car was produced from the hill state. “We will definitely welcome the small car project in Uttarakhand,” an official of the department of industries here said. However, Principal Secretary, Industries P C Sharma said the government had not received any proposal from Bajaj Auto nor he had any such knowledge.

Like Tata Motors, car dealers said Bajaj might also like to manufacture the car from Pantnagar, where it is currently producing Platina – (100cc and 125cc) and XCD – (125cc and 135cc) and Discover over an area of 66 acres. The company is having strength of nearly 350 employees there and the facility came into production in April 2007.

Although, the special industrial package offering a slew of tax incentives is coming to an end on March 31, 2010, hopes are still alive that it might be extended at least for two to three years, which may be an added attraction for Bajaj in the hill state.

Carlos Ghosn, chief executive of French car maker Renault and Japan’s Nissan Motor Co had said that the new car would come to India in 2012.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets post worst May performace since 2006
- US jobs data points to recovery losing momentum
- FII-TO-FII TRADES: PNB traded at 5% premium
- Sugar output up at 25.5 million tonne this year surpasses govt estimate
- CoalMin identifies 54 blocks for allocation through auction
  Read Business news in 
- "Discover The Power of One"
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Watch The Film Here. Click here to know more..
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- One Partnership Endless Possibilities. Click here to know more
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Slowdown gets worse, GDP growth sinks to 9-year low
- India Inc ready to shift to other side of the dot on www
- M&M has a Rs 7,500-cr spending plan over three years
- India to be $2-trn economy by FY13-end?
- IIT alumni to move court on changes in JEE
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us