Tata said this in an interview to L'Espresso, an Italian media company. An excerpt from the interview quoted Tata as saying, "I have two passions in my life -- cars and aircraft. I have always dreamt of being able to be a fighter pilot and I confirm my desire to participate in the shareholding of Ferrari."
Before Tatas decided to set up the small car plant in Gujarat there were reports that the corporate group may opt for Pantnagar in Uttrakhand -- where Tata Ace pick-up trucks are being manufactured -- to produce Nano. For the inflow of industries into the state, Khanduri credited the 10-year special package announced by then Prime Minister Atal Bihari Vajpayee in 2003.
A vendor said that Tata Motors had sent a mail that a meeting with the West Bengal commerce and industry secretary was scheduled for Thursday. Industry Secretary Sabyasachi Sen was not available for comment. However, WBIDC's public relations agency said that Sen had not sent any mail to vendors.
Making a submission in the court of Justice Saumitra Pal, Tata counsel Samaraditya Pal said that 997.11 acre leased to Tatas (lessee) by West Bengal Industrial Development Corporation (lessor) was not kept idle from the time of execution of the lease deed to the exit from the site by the company.
Though the workers have not gone on strike, they moved the labour department for not receiving any wage hike since 2015.
Tata most-awaited car, after Nano, will be ready by 2014. The car is going to be the first proper four-seater for such a small footprint and also a passenger vehicle with the smallest turning radius.
The Group has been pioneer in innovation; Ratan Tata has been credited for launching world's cheapest car Nano in 2009
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Arvind Kumar Sharma, a 1988-batch IAS officer and one of the many joint secretaries in PMO, definitely wields some power.
"The toughest part was continuing to believe that we could do it," Tata told journalists covering the Auto Expo in New Delhi, where he unveiled the lowest-priced car in the world. He added that "a promise is a promise", hinting at the ability of his company to deliver even in the face of brutal scepticism.
The company has refurbished as many as eight models, but it desperately needs to up the ante in the compact SUV and compact sedan segments.
In an open letter to the people of West Bengal, Ratan Tata said the citizens should decide whether they wanted education and jobs in the industrial and hi-tech sectors or 'want to stay as they are.' The letter said, 'The people of West Bengal, particularly the younger citizens, will need to express their views and aspirations as to what they would like to see West Bengal become in the years ahead.'
Tata group chairman Ratan Tata on Tuesday virtually ruled out any investment in Singur and said the company would gladly return the land if compensated.
Tata Motors is seeking an image makeover with the curvaceous hatchback, Zica.
Tata displayed its facelifted Aria and Safari Storme Mountain Rescue concept cars at the Geneva Motor Show.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
Tata Motors hasn't announced the prices of the new vehicles yet. This is the first time that the company has introduced such a large number of new vehicles on a single day.
Total passenger vehicle sales in the domestic market stood at 18,031 units in November.
On the company's performance after entering the Indian market last year, he said the car maker has so far sold 100 units. The company right now delivers cars to customers as completely built units from its headquarters in Sweden.
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
Refreshed Tata Indigo eCS and facelifted Tata Sumo Gold are also expected to be unveiled.
Tata, who turned 72 last month, will stay in office till 2012.
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
Tata Motors on Wednesday questioned the modus operandi of West Bengal government in taking possession of the land allocated to it for its small car project Nano in Singur saying all important decisions in this regard were being taken at "night" or "midnight".
After launching the Nano early this week, the country's leading truck and bus maker, Tata Motors, is now looking to set up a truck manufacturing plant in Myanmar with support from the Indian government in the form of financial participation.
The new package put together by intermediaries includes higher compensation for land to land losers and more compensatory wages for registered tenant farmers (called bargadars), unregistered tenant farmers and agricultural labourers, and involvement of Tata Motors in the Singur resolution process, said sources close to the development.
The company is also working on various other measures such as enhancing quality of manufacturing facilities and improving customer buying and after sales experience.
A year after the Tata group took over the two of Britain's most iconic automobile brands, Jaguar and Land Rover, it is faced with newer and bigger challenges than it would have expected when it paid $2.3 billion to Ford for the acquisitions on March 26, 2008.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
Driven by poverty following suspension of work at an ancillary unit of Tata Motors small car project in Singur, a daily wage worker on Wednesday committed suicide at his village, close to the factory site.Sixty-five year old Sushen Santra consumed insecticide at Joymalla village, barely 100 yards from the site, and died at Singur hospital.Santra's wife said they were a poor family and they had no money left after work was stalled in the unit.
According to the lease agreement between Tata Motors and the West Bengal Industrial Development Corporation, the lessor will have the option to terminate the lease if the land has not been used for three years or more, which will kick-in from October 2011. Tata Motors had pulled out of the Nano project in October 2008.
The legislation revokes the original lease agreement signed between Tata Motors, the country's biggest automobile maker, and the West Bengal Industrial Development Corporation.
Last year, she drove the Tata Motors' Nano factory out from West Bengal. Three days ago, Trinamool Congress chief and Railway Minister Mamata Banerjee turned down another Tata offer a donation of Rs 27,70,660 to her party from the Tata Sons Electoral Trust.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
After deciding to withdraw the Nano project from Singur in West Bengal in October last year, Tata Motors has sought 10 months time from West Bengal Industrial Development Corporation to remove the equipment.
Singur divided between those who want Tata back and those who just want their land.
After creating a flutter with the world's cheapest car, the Nano, Tata Motors will contribute structural components to one of Boeing's most ambitious projects, the 787 Dreamliner.
"The chief minister has written to Tata requesting him to restart work at the Nano plant at Singur," Industry Minister Nirupam Sen told reporters in Kolkata. In his letter, Bhattacharjee promised to extend all help and cooperation to the Tatas. On speculation that the Tatas might shift their project from the state, Sen said the company had not yet taken the decision.
The Indian car market was on a record nine months decline till July and sales picked up only in August and September.
The 997-acre plot in Singur handed over by the West Bengal government to Tata Motors is likely to remain in the hands of the company and can be returned only after a year or so.
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