Uttaranchal is fast emerging as an auto hub, with leading companies deciding to set up units in the state to make use of the benefits of the tax holiday scheme. | |
| Leading the pack is Tata Motors, along with Bajaj Auto and Mahindra and Mahindra, which are together investing about Rs 3,200 crore in the Pant Nagar and Haridwar industrial estates. Some of the ancillaries of these companies like Neel Metal are also establishing their units. |
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| Motorbike giant Hero Honda had also been showing interest to set up its unit in the state, sources said. Although Hero Honda officials had held talks with government officials two years ago, a decision was still pending. |
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| Tata Motors is expected to invest Rs 2,500 crore in its manufacturing facility at Pant Nagar industrial estate, where over 370 companies are setting up their new units with a combined investment of Rs 4,500 crore. |
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| Tata Motors would be producing Ace trucks at the Pant Nagar facility for which it has already bought 1,000 acres of land from the State Industrial Development Corporation of Uttaranchal Limited (SIDCUL) which is building both Pant Nagar and Haridwar industrial estates. Officials also did not rule out the possibility of the production of the much talked about Rs 1 lakh car of Tata Motors from Pant Nagar. |
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| The Pant Nagar industrial estate has so far attracted an investment of Rs 500 to Rs 600 crore from Bajaj Auto which would establish a manufacturing unit for producing motorbikes. Bajaj Auto is expected to produce 3,000 bikes per day. |
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| Out of the 364 companies which propose to set up their units in Pant Nagar, nearly 227 of them have already got possession of their industrial plots. Almost 107 industries are under construction, while 20 companies including Dabur and Nestle have started production. |
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| Mahindra and Mahindra (M and M) early this year set up its automotive plant for producing three wheelers at the Integrated Industrial Estate (IIE) in Haridwar and also indicated that it would expand its unit further. |
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| The plant is the company's fifth full-scale automotive plant which has been constructed with a total investment of Rs 70 crore that also include its ancillary Neel Metal Product ltd, exclusively set up for M and M to supply cabs, cargo bodies and other sub-assemblies and aggregates. |
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| The plant is primarily set up for manufacturing of three wheelers of different load capacities and range. It will initially produce 30,000 three-wheelers per year, which will soon be ramped up to 50,000. |
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| When contacted, SIDCUL Managing Director Alok Kumar said these companies were likely to provide employment to 5,000-6,000 people. |
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