Business Daily from THE HINDU group of publications
Tuesday, November 24, 2009
ePaper | Mobile/PDA Version | Audio | Blogs

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

Update at 1240 hrs (IST)


Corporate
Tata Motors to do market study on electric Indica

NEW DELHI: Tata Motors on Tuesday said it will start a feasibility study for introducing the electric version of its compact car Indica in the domestic market.

The company is currently developing the electric version of Indica with a Norway-based firm for launching it in the European market by 2011.

The Tata Motors Managing Director (India Operation), Mr Prakash M. Telang, said the company would study the market demand in the country before launching the electric Indica.

“Not at the moment. We will start (the feasibility study) closer to when we have the product ready. We will do it from next year,’’ he said when asked if the company has initiated the market study.

Introducing the car in India would depend on the cost factor as it is a price sensitive market.

“We have to look into the cost equation in India. We have to see the market demand as it will be an expensive vehicle...Electricity is also not easily available in the country,’’ Mr Telang told reporters here.

The company had showcased the electric Indica at SIAM (Society of Indian Automobile Manufacturers) annual convention in 2008, followed by its preview at Geneva Motor show this year. — PTI

Prev: Hyderabad Industries’ Gujarat unit to open by January
Next: Fedders Lloyd fixes book closure for AGM


Business Line | NUS Index |



Related Topics
Alliances & Joint Ventures
Announcements
Auditing
Awards & Honours
Bonus Announcements
Company Law
Corporate Bonds
Corporate Disputes
Corporate Governance
Courts/Legal Issues
Diversification
Environment
Human Resources
Interview
IPOs
IPR
Management
Mergers & Acquisitions
New Projects
Open Offers
Outlook
Outsourcing
Overseas Borrowings
Overseas Investments
People
Performance
Preferential Allotments
Private Placement
Regulatory Bodies & Rulings
Research & Development
Restructuring
Rights Issue
Sick Units
Society & Development
Standards & Benchmarks
Taxation
Trade & Labour Unions



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright copy; 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line