PTI
Tata Motors has agreed to set up a permanent unit for manufacturing the Nano, the world's cheapest car, at Pantnagar in Uttarakhand, a top official of the state government said on Tuesday.
On the request of the state government, Tata Motors has agreed to convert its interim Nano arrangement into permanent one at Pantnagar, Principal Secretary (Industries) Mr P C Sharma told. Through the sale of Nano car and other commercial vehicles which are being manufactured at Pantnagar by Tata Motors, the state government would earn a revenue of Rs 200 crore through Value Added Tax, the official said.
Tata Motors has also launched a distribution company - Tata Motors Distribution Companies Ltd - at Pantnagar industrial area to sell the Nano, he said. When contacted, a Tata Motors spokesperson said the company has launched the distribution company for the sale of Nano as well as other auto brands.
Tata Motors was given more than 100 acres of prime land by the state government at Pantnagar for setting up its manufacturing facility. Last year, the company got 20 acres of land from the state government for the distribution company as well as 45 acres of additional land for the expansion purpose at Pantnagar.
On the request of the state government, Tata Motors has agreed to convert its interim Nano arrangement into permanent one at Pantnagar, Principal Secretary (Industries) Mr P C Sharma told. Through the sale of Nano car and other commercial vehicles which are being manufactured at Pantnagar by Tata Motors, the state government would earn a revenue of Rs 200 crore through Value Added Tax, the official said.
Tata Motors has also launched a distribution company - Tata Motors Distribution Companies Ltd - at Pantnagar industrial area to sell the Nano, he said. When contacted, a Tata Motors spokesperson said the company has launched the distribution company for the sale of Nano as well as other auto brands.
Tata Motors was given more than 100 acres of prime land by the state government at Pantnagar for setting up its manufacturing facility. Last year, the company got 20 acres of land from the state government for the distribution company as well as 45 acres of additional land for the expansion purpose at Pantnagar.
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