GM India is working on launching a BS-IV variant of the car, but is in no hurry.
Tata Motors, India's leading manufacturer of heavy and light automobiles, is planning to launch 20 new variants in coming two years
Bosch Rexroth (India) Ltd, a subsidiary of German automation giant Bosch Group, a drive and control solutions for industrial applications, has bought private land near the Tata Nano site in Sanand recently with plans to set up its second manufacturing unit in the state.
Infrastructure company Jaypee Infratech Ltd, a part of Jaypee Group, has planned to go public with a Rs 2,600-crore IPO in the next two months. The company has filed the Draft Red Herring Prospectus with the Security Exchange Board of India. Confirming the development, sources close to the development said, "While the price band is yet to be decided, the IPO size is estimated to be around Rs 2,600 crore."
If everything falls in place, apples will be grown in arid region of Kutch in Gujarat. A local agriculture company named Shree Ashapura Farm and Nursery has taken up apple farming in Bhuj on experimental basis. Apple farming is being done for the first time in the state.
In the past one year, the share of state-run banks in auto finance has increased significantly, and in some cases nearly doubled, on the back of competitive rates offered by banks such as State Bank of India.
In March this year, the anticipation of Nano launch coupled with a sluggish demand had made a sharp dent in used car prices by 25-30 per cent. Dealers had feared a further dip in prices by around 10 per cent.
The company plans test production of 50-60 cars per day from January.
Nearly 60 vendors will move to the vendor park at Tata Nano's Sanand plant by March next year. The rollout of the car is set for the January to March quarter, and vendors will feed the plant at existing locations till they shift.
The company has already delivered fireworks to close to 50 customers through its online initiative.
The company has been in discussions with vendors who are moving from Singur to Sanand to support them with mutually acceptable terms, which will be implemented.
Honda Siel Cars India is planning to source steel from India for its local operations and is in talks with Tata Steel. A Tata Steel spokesperson confirmed that the companies were in discussions. Currently, Honda sources steel plates from Thailand for its Greater Noida facility. Honda models, like the City and Civic, have 74 per cent localisation, while the newly launched hatchback, Jazz, has 77 per cent local content.
The project was expected to create employment in excess of 10,000 jobs among vendors and service providers in the vicinity of the plant. When Tata Motors announced the small car project in May 2006, it promised to employ 2,000 people directly initially.
The product is currently undergoing testing at the Tata Motors European Technical Centre, the company's research and development outfit in UK, and at the Engineering Research Centre at Pune.
Leading Indian utility vehicle player Mahindra & Mahindra is likely to buy out its local partner in Mahindra South Africa, which is currently a 92 per cent subsidiary.
Tata and L&T's upcoming Dhamra Port is already taking away business.
Maruti has shortlisted 10 candidates so far. Tata Motors declined to give details, but confirmed it is looking at recruiting specialists for different functions of product development, given their research and development expansion plans in India. Both companies are looking at people with relevant knowhow on emission and safety norms in Europe and the US.
Gurgaon-based MDLR Airlines is planning to make Kolkata the hub for its North East operations, as it plans to fly to eight new destinations within this year.
Nano vendors say if all-India bookings cross 500,000, Tata Motors may have to explore the option of having a satellite plant to its present mother factory at Sanand near Ahmedabad. Many who had taken up space at the vendor park in Singur, the centre of the main dispute with the give-us-our-land-back agitationists led by the opposition Trinamool Congress, are hanging on in this hope.
The outsourcing industry believes the growth of the LPO is expected to be between 50 and 100 per cent. Forrester Research, an independent technology and market research company, has projected the offshoring of 29,000 legal jobs by the end of the year and as many as 79,000 by 2015. When a company files for bankruptcy protection or various forms of bailouts take place in the US, there arises a need for legal work associated with such events.
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