Nano rollout on schedule
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13/05/2008
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Business Line (New Delhi)
Tata Motors' small car Nano will roll out of the Singur factory during the latter part of calendar year 2008. A company official on Tuesday reiterated that the project was progressing according to schedule and the rollout of the Nano would commence from the company's Singur plant, that is located around 35 km from here. Company sources said that trial production at Singur would begin next month even as commercial production would commence "during the latter part of 2008'. The sources added that work at the plant was moving "as per our schedule' and ancillary units around the factory were setting up operations "as per our calendar of production'. The sources confirmed that the "standard version' of the Nano would be priced at Rs 1 lakh "excluding VAT and transportation costs'. It may be recalled thatin February this year, Mr Ravi Kant, Managing Director of Tata Motors, had said trial production at the Singur plant would begin by June-July this year followed by commercial production in October. "We have always maintained that we will launch the vehicle in the second half of the next financial year. That means we have maintained the time line and today also we are maintaining the same,' he had said.