Business Line Twenty Years Ago Today

october 10 | Updated on January 16, 2018 Published on October 09, 2016

Tata Ind. has big plans in auto components sector

The Mumbai-based Tata Industries Ltd plans to enter the auto components sector in a big way, for which it has so far signed MoUs with foreign companies for seven components. The company is scouting for land in different States and has approached the Tamil Nadu Government also for 100 acres in and around Chennai, to put up some facilities. Company officials have held discussions with Government officials and have outlined their plans. According to sources, Tata Industries has signed MoUs leading to possible Joint ventures with Johnson Controls Inc. of the US for seating systems, Sommer Allibert, France, for interiors and plastics, Yazaki, Japan, for wiring harness and Instrumentation, ZF, Germany, for transmission and steering systems, and, Nifco, Japan, for plastic fasteners.

Telco achieves record output in first half

Telco has achieved a record production of 1,03,883 vehicles in the first six months of 1996-97 (April-March), a 26 per cent increase on the same period last year. The sale of 93,552 vehicles domestically was also a record for any first half year and represented a 25 per cent Increase on the previous year, according to the company’s press release on Wednesday.

India, Saudi Arabia air service talks fail

The bilateral talks between India and Saudi Arabia to negotiate a fresh air services agreement after three years have failed. The talks, which took place earlier this week, were inconclusive and ended on the hope that the two countries would resume dialogue in three months. The deadlock in the discussions has also put on hold Indian Airlines’ (LA) plans to introduce a flight to Jeddah from Calicut/Thiruvananthapuram.

Published on October 09, 2016
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