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Tata Motors' Pant Nagar plant to start by April

BS Reporter  |  New Delhi/ Dehra Dun 

Racing against time, Tata Motors is all set to roll out its first 75-tonne Ace vehicle from its Rs 1,000-crore new manufacturing plant at Pant Nagar from April 1, next year.
"If everything goes right, we will be able to start the new manufacturing plant from April 1," a company official said after a team of Tata Motors held talks with the state government officials here.
The official said the plant would produce 2.25 lakh vehicles every year and the unit would be completed in a record 11 months time. "Right now, all things are progressing well," the official said.
The company officials said they were assured by the Uttaranchal government that power situation would improve in due course of time. "We took up the power issue and get very positive response from the Uttaranchal government officials," the company official said.
The company is hopeful that the ancillary units of the Tata Motors would also bring an investment of Rs 800 crore. Tata Motors took up the possession of nearly 1,000 acres of land at Pant Nagar in April this year and began building its new plant in the wake of excise and other tax incentives being offered by the Uttaranchal government.
With top like Bajaj and Hero Honda deciding to set up their units in Uttaranchal, the state is virtually becoming an auto hub.
Hero Honda's latest entry was in Uttaranchal with its top officials finalising the deal at Haridwar where the company is setting up its new manufacturing unit at Rs 1,900 crore. The company has selected 275 acres of land in this regard for the manufacturing units and its ancillaries.
Besides Hero Honda, Bajaj Auto and Mahindra & Mahindra (M&M) are together investing nearly Rs 700 crore in Pant Nagar and Haridwar industrial estates respectively.
Bajaj Auto will be establishing a motorbike manufacturing unit at Pant Nagar with an investment of Rs 500-600 crore.

First Published: Fri, December 08 2006. 00:00 IST