Tata Motors plans another auto plant
The Economic Times — March 30, 2007

Tata Motors managing director Ravi Kant on Thursday indicated that the company intends to set up one more automobile plant in the country within two years. This will be a commercial vehicle manufacturing plant for which Tata Motors is in the process of identifying a suitable site. Kant, who was in the city to attend an event organised by Calcutta Management Association, said: "In the past 50 years, Tata Motors had set up three plants at Jamshedpur, Pune and Lucknow. We have taken the decision to set up three plants in a span of just three years. One has already come up at Uttaranchal.

"The second plant is coming up at Singur. And we are planning a third plant." The company's decision to set up a commercial vehicle manufacturing plant has been prompted by the significant growth it has witnessed in this segment over the past couple of years. In 2005-06, the commercial vehicles business grew by 13.1 per cent. In the first 11 months of 2006-07, cumulative sales of commercial vehicles in the domestic market stood at 2,68,453 units — a 43-per cent rise over last year.