Register now for free access to - this week only.

Tata Motors-Hitachi JV to set up new $53.5-million plant

MUMBAI -- India's Tata Motors Ltd. said on Thursday its construction equipment joint venture company with Hitachi Construction Machinery Co. Ltd., is setting up a new manufacturing plant.

Telco Construction Equipment Co., a 60:40 joint venture of Tata Motors and Hitachi, will set up the plant at a cost of 2.5 billion rupees ($53.5 million) in Kharagpur in eastern India.

The plant, which will begin operations by March 2008, will also have additional facilities for a vendor park, according to a statement. It will supply domestic and overseas demand.

Telco already has two manufacturing plants in India, in the eastern Jharkhand state and southern Karnataka state.



ATTENTION COMMENTERS: Over the last few months, Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.