Friday, August 22, 2008

Tata Motors to move out of Singur


Ratan Tata, the chairman of the TATA group, has said that they would move out of singur if forced to move out. Tata Motors Ltd , India's top vehicle maker, will move a plant to make the ultra low-cost Nano car out of the state of West Bengal itself.

This decision come about due to the protests in Singur district and the politically motivated move has made it impoossible for Tata Motors to continue their plans in the communist governed state of West Bengal.

Tata Motors, which is scheduled to launch the Nano car later this year, has faced violent protests and political opposition against farmlands of about 400 acres acquired for the Nano project in West Bengal state, which threaten to delay the launch.

Launch of Tata Nano itself seems to be on track and would be unveiled around october this year, said Ratan Tata.