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Auto Monitor, June 1st, 2004
Tatra Trucks India Limited is in the process of setting up a manufacturing plant for Seating Systems for buses in Hosur, Tamil Nadu. It is expected to be commissioned by October this year.
The project is fuelled by a technical collaboration that the company recently forged with Fainsa, Spain. Managing director Rakesh Jinsi said “The new unit will make seating systems for luxury buses as well as city buses. We will also make these systems for the railways”. The company is in talks with several big and small coach builders for its products. The plant would have a capacity of 250,000 per year.
While the off road dumper “Hemang” has been quite a success in Mines and hydel project sites, Tatra Trucks India Limited plans to roll out an on-road high tonnage truck model by the end of this year.
“The market for off road applications is comparatively small - nearly 400 units a year, while the on-road trucks have a market of 80,000 nos per annum which we plan to tap” said RIS Kahlon , Chairman, Tatra Trucks India Limited.
Terex Corporation, the third largest construction equipment manufacturer in the world, announced the launch of its Indian manufacturing operations. Terex has entered the domestic market as a 50:50 JV with Vectra Ltd., a NRI promoted London based group and has set up a manufacturing plant at Greater Noida with an Investment of $12 million.
Terex corp. chairman, president and CEO Ron Defeo told ET “ The biggest growth markets are China, India and Russia. As of now, we are looking at building the Indian plant as a strong base for backhoe loaders, but in the future, we will also consider our operations here for other products”.
The Vectra group, a NRI promoted London based company is setting up a joint venture, Vectra Advance materials private Ltd., to manufacture defence equipment besides expanding their helicopter operations in India by adding 10 new helicopters in the existing fleet of seven. “The company is planning to invest about $200 million in the next three to four years time in India to expand its activities and launch new businesses” Vectra group chairman RK Rishi told FE.
This is another first for the Indian Automotive Industry. The UK based, NRI-promoted Vectra group has joined hands with Bang lore's Azad Body builders and UAE's Bin Jabr group to set up a tri-party joint venture in Abu Dhabi for locally building buses for the Gulf market.
The JV agreement has already been inked and the venture - Intercontinental Industries - expects to commence operations by this year-end. The JV will build Luxury, commuter and mini school buses for the region.
Economic Times, March 1st, 2004
The Czech Republic based truck maker Tatra has revamped the top management of its Indian arm - Tatra Trucks India Limited. Under the new order, Lt. Gen. (Retd) RIS Kahlon who was the MD, has been made chairman of the Indian arm while ED Rakesh Jinsi is the new MD.
“ With the US based construction equipment firm Terex Corp. owning majority interest in Tatra, new business strategies have been chalked out for India and these management changes are also a part of these initiatives” an official said.
Terex Corporation, the US construction equipment major and the current majority owner of Czech Republic based truck maker Tatra a.s. is setting up a 50:50 JV in India with Vectra group to manufacture a range of construction equipment like Backhoe loaders and compaction equipment.
The Czech Truck makers Indian JV-Tatra Udyog Ltd., recently changed its name to Tatra Trucks India Limited. “The new name will reflect our line of business, which is in producing off road trucks”, said its MD RIS Kahlon. He said that an additional 60 crores will be invested in its Hosur plant in the next three years for indigenisation.
TTIL has supplied locally made cabins and engines to the Bangalore based public sector BEML, who assemble the military trucks for the Indian army.
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