Nano`s production at Tata`s Pantnagar plant in Uttarakhand would be restricted to 80,000 units during 2009-10 and the first roll out is likely to happen towards the end of February, reports Business Line.
Pantnagar being an interim arrangement before the Sanand facility in Gujarat, barely 7,000 cars would be produced by the end of March, going up to 80,000 units next fiscal, disclosed sources.
Although the suppliers were still hopeful that at least 15,000 Nanos would roll out from Pantnagar in the fourth quarter it, the plant would be able to roll out only half of that number. The original target of 96,000 cars for this fiscal was trimmed to 50,000 cars following the agitation at Singur, they disclosed. They also said that the suppliers of the Nano car would cater to delivery of parts from their existing plants to both of Tata Motors (Q, N,C,F)* facilities at Pune (for engine components) and Pantnagar.
The initial projected numbers of 150,000 cars would be a reality only after plant in Gujarat would initiate on its projected schedule that is by first quarter of 2010-11. Volumes would finally depend on market conditions and if the slowdown persists even next year, then projections would be revised downwards.
Shares of the company declined Rs 3.15, or 2.1%, to trade at Rs 147.00. The total volume of shares traded was 190,781 at the BSE (1.43 p.m., Tuesday
Soruce: http://www.myiris.com/newsCentre/newsPopup.php?fileR=20090120135452198&dir=2009/01/20&secID=livenews
Pantnagar being an interim arrangement before the Sanand facility in Gujarat, barely 7,000 cars would be produced by the end of March, going up to 80,000 units next fiscal, disclosed sources.
Although the suppliers were still hopeful that at least 15,000 Nanos would roll out from Pantnagar in the fourth quarter it, the plant would be able to roll out only half of that number. The original target of 96,000 cars for this fiscal was trimmed to 50,000 cars following the agitation at Singur, they disclosed. They also said that the suppliers of the Nano car would cater to delivery of parts from their existing plants to both of Tata Motors (Q, N,C,F)* facilities at Pune (for engine components) and Pantnagar.
The initial projected numbers of 150,000 cars would be a reality only after plant in Gujarat would initiate on its projected schedule that is by first quarter of 2010-11. Volumes would finally depend on market conditions and if the slowdown persists even next year, then projections would be revised downwards.
Shares of the company declined Rs 3.15, or 2.1%, to trade at Rs 147.00. The total volume of shares traded was 190,781 at the BSE (1.43 p.m., Tuesday
Soruce: http://www.myiris.com/newsCentre/newsPopup.php?fileR=20090120135452198&dir=2009/01/20&secID=livenews
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