Financial Daily from THE HINDU group of publications
Thursday, Jan 15, 2004
Financial Daily from THE HINDU group of publications Thursday, Jan 15, 2004 |
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Corporate
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Announcements HMT to produce, sell Trantor's transport tractors Our Bureau
Bangalore , Jan. 14 HMT Ltd has signed a technology collaboration agreement with Trantor Vehicles Ltd (TVL) to manufacture and sell Trantor's transport-oriented tractors. The agreement, which gives HMT exclusive worldwide rights to produce and sell the vehicle, will help HMT obtain new generation technology, which provides an opportunity to gain leadership in the product. TVL is a design and development company based in Lancashire in the UK. Trantors are the world's first transport-oriented tractors featuring a range of two- and four-wheel drives with fully suspended axles in 60 and 130 horsepower. In addition to the driver's seat, there are two additional seats in the front and four in the rear. Its multi-purpose design renders Trantors most suitable for use in day-to-day transport, apart from conventional farming operation. The technology collaboration agreement with TVL was signed by Mr M.S. Zahed, Chairman and Managing Director, HMT; Mr G.A.B. Edwards, Chairman and Managing Director of TVL, signed the agreement on behalf of the UK company.
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