Tata Motors gets Rs 78 cr UK loan for electric car
Mumbai-based auto maker Tata Motors today stated that its wholly-owned subsidiary Tata Motors European Technical Centre plc (TMETC) has received a loan of £10 million (Rs 78.81 crore) from the UK government for its £25 million (Rs 197 crore) electric car programme. - Tatas to launch Freelander SUV on September 22 - Tata Motors gets Rs 78 cr loan from UK govt for electric car - Auto, IT stocks rally past Jan 08 peaks ahead of Sensex - Tata Motors to launch Freelander SUV on Sep 22">Tata Motors to launch Freelander SUV on Sep 22 - Tata Motors sells half its holding in Tata Steel to Tata Sons - Tata Motors raises Rs 236 cr via share sale in Tata Steel The loan has been granted under the Automotive Assistance Programme (AAP) to develop and manufacture the Tata Indica Vista Electric Vehicle in the United Kingdom, the company said in a statement today. “The Tata Indica Vista EV will be the first four-seater electric car with a range of up to 200 km to become available this year in Europe,” the release added. The electric Indica will be first launched in Norway. However, due to limited availability of lithium batteries, the company has not taken a call yet on expanding its reach to other developed markets. The loan is part of the UK government’s attempt at promoting the low-carbon engineering sector, which would fully exploit the opportunities offered by green manufacturing. TMETC was established by Tata Motors in September 2005 and is located in the UK West Midlands. The centre is engaged in advanced automotive technology and vehicle product development and employs 180 people, which will be increased to 440 by 2014, including 70 jobs created by the EV project.WhichPayday commented:
The Tata Indica Vista EV will be the first four-seater electric car with a range of up to 200 km to become available this year in Europe,” the release added. The electric Indica will be first launched in Norway.
16.08.2011
Payday uk commented:
This is gud for the tata motors as their new venture will coem sucessfully in the market
25.08.2011
Samedaypaydayloan commented:
The Tata Indica Vista EV will be the first four-seater electric car with a range of up to 200 km to become available this year in Europe
19.09.2011
Australian Property Tax commented:
The loan actually comes almost a month after Tata Motors abandoned seeking help from the UK Government for bailing out Jaguar Land Rover (JLR).
01.10.2011
Payday Advances commented:
Mumbai-based auto maker Tata Motors today stated that its wholly-owned subsidiary Tata Motors European Technical Centre plc (TMETC) has received a loan of £10 million (Rs 78.81 crore) from the UK government for its £25 million (Rs 197 crore) electric car programme.
09.11.2011
Payday Advances commented:
Mumbai-based auto maker Tata Motors today stated that its wholly-owned subsidiary Tata Motors European Technical Centre plc (TMETC) has received a loan of £10 million (Rs 78.81 crore) from the UK government for its £25 million (Rs 197 crore) electric car programme.
09.11.2011
Wealth Transfer Asia commented:
Tata motors idea of bringing the electric car is gonna be very beneficial for the customer and the environment as well.I am really impressed with the content of yours page.
16.11.2011