TMT mulls entry into Asean countries

Taco MobiApps Telematics (TMT), a Tata group company, on Wednesday said that it was in talks with various companies to enter China, Thailand and Asean countries.

TMT, which provides vehicle tracking solutions, will draw synergies from its parent company Tata Auto Comp Systems (Taco) for this foray, said Praveen Gupta, CEO of TMT.

"We are working on business plans and hope to enter these countries in the next fiscal," he said.

TMT has also drawn up expansion plans for the domestic market, from which it expects revenues of Rs 60 crore in the 2006-07 fiscal, where it expects to sell 40,000 units.

TMT supplies tracking devises, the hardware cost of which is around Rs 15,000 a unit and provides tracking services with a monthly user charge of Rs 500 per vehicle.

The company is in talks with various operators across various sectors, including BPOs, oil companies, schools, police and municipal corporations for supplying vehicle tracking devises and bundled services that can be subscribed with monthly user charges.

"The telematics space in India holds tremendous potential. With the burgeoning growth of sectors like outsourcing and services, our portfolio products will add in providing value addition for logistics management and control across various verticals," Gupta said.

Vehicle tracking system enables tracking of vehicles and consignments, collating and recording information such as unscheduled stops, off route movements, over-speeding and tracking of technical data like fuel level and battery charge.

TMT is a 52:48 joint venture company between Taco and MobiApps Holdings, Singapore.