Tata to set up new plant for Ace
The firm has taken the decision to meet the increasing demand of its mini-truck.india Updated: Mar 05, 2006 12:27 IST
Tata Motors has decided to set up a new plant to manufacture its brand new and highly successful mini-truck 'Ace'.
"Our new mini-truck has received huge response and the demand has completely outstripped the supply," Tata Motors Managing Director Ravi Kant said.
'Ace' was launched in May 2005 from the company's new 30,000 vehicles per annum-capacity production line at the Pune plant.
But within months of the launch, demand outstripped supply, Kant said.
He further said that the company had also received queries from abroad on the new vehicle and as an immediate step, the company has decided to double its existing manufacturing capacity to 60,000 vehicle per annum.
He further added that even the doubling of the existing production capacity would not be able to meet the growing demand. "Hence, we have decided to set up a new plant at another location for this new vehicle."
He, however, refused to say anything about the possible location for the new plant saying, "we are considering various options."
At present, Tata Motors has two manufacturing plants at Pune and Jamshedpur.