Pantnagar celebrates, ready to get busy | autos | Hindustan Times
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Pantnagar celebrates, ready to get busy

The Nano launch has put a smile on Uttarakhand officials’ faces. Tata Motors is expected to roll out most of the Nanos from its factory in Pantnagar, which is expected to net the state Rs 120 crore in estimated annual revenue.

autos Updated: Mar 24, 2009 00:13 IST

The Nano launch has put a smile on Uttarakhand officials’ faces. Tata Motors is expected to roll out most of the Nanos from its factory in Pantnagar, which is expected to net the state Rs 120 crore in estimated annual revenue.

Tata Motors has 1,000 acres at Pantnagar provided by the state. Another 55 acres were given to it last year on the company’s request.

Sources said the additional land was being used to build living quarters and to set up a distribution arm — Tata Motors Distribution Company Ltd.

P.C. Sharma, principal secretary (industries), told Hindustan Times that the Rs 120 crore would come in the form of value added tax. Reports suggest that Tata Motors would manufacture 40,000 to 50,000 cars in Pantnagar and Pune every year.

Presently at Pantnagar, Tata is manufacturing its ACE mini trucks and MAGIC passenger vehicles, apart from Nano.

Tata Motors, said state officials, promised to upgrade the Pantnagar facility. “We had earlier suggested that the Tatas set up a permanent facility at Pantnagar for the Nano, and they have agreed,” said Sharma.