February 08, 2007 | The Financial Express
Ace passenger carrier version in six months: Kant
Tata Motors on Wednesday said it will launch a passenger-carrier version of its mini truck 'Ace' in the next six months. "We hope to introduce a passenger-carrier version of the Ace in the next six months," Tata Motors, MD, Ravi Kant said during a SIAM summit on diesel. Kant said the company would produce the Ace at its upcoming greenfield facility at Uttaranchal, which would be used for manufacturing light commercial vehicles. He said Tata Motors will also set up "one of the world's biggest" bus and coach body building facility in India in a joint venture with Brazil's Marco Polo.
However, he refused to give details on the location of the plant, saying, "Discussions are underway with state governments". Tata Motors has said it will invest Rs 10,000 crore over the next 3-4 years to increase production capacity and launch new models.