Tata Motors is negotiating with the Jharkhand government to acquire 300 acres of land to set up a vendor park on the lines of the one in Pantnagar (Uttar Pradesh), a senior company official said today.
"We are in talks with the Jharkhand government to acquire 300 acres of land for all our vendors to come and set up their units there," Tata Motors' Jamshedpur Plant Head Satish Borwankar told reporters on the sidelines of a function after unveiling the company's new range of trucks here.
Such a facility would help vendors keep their operational costs low, he said.
Borwankar, however, did not give any timeframe for the project, saying, "At present, there is no government. The final decision will be taken only after the new government is in place."
Tata Motors today unveiled its new range of world-class trucks comprising multiaxle trucks, tractor trailers, tippers, mixers and special application vehicles.
Besides India, the range will also be gradually introduced in South Korea, South Africa, the SAARC countries and the Middle-East, a company statement said.
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"The developing infrastructure in India makes it possible for transporters to reap the benefits of trucks with higher power, speed and carrying capacity.
"The new range from Tata Motors will meet those needs and will help us penetrate the international market more effectively and competitively," Tata Sons' Chairman Ratan Tata said in a statement.
The project has been jointly developed by Tata Motors and its two subsidiaries, Tata Daewoo Commercials Vehicle Company (South Korea) and Tata Motor European Technical Centre (UK).
The company has harnessed the best of the inputs in technology - styling, engines, transmission, suspension, chassis, chassis frames, fabrication and dyes - from partners based in countries like Italy, Germany, Sweden, the US, Japan and South Korea, the statement said.