*Tata Motors plant at Dharwad comes on stream* Tata Motors' Dharwad plant for small commercial vehicles is now operational and has begun to produce the Tata ACE Zip and the Tata Magic IRIS.
*Mr. P. M. Telang, Managing Director - India Operations, Tata Motors said*, "We are very delighted to commence manufacturing operations in Dharwad and further expand our operations in the country. This move is integral to Tata Motors' dominant presence in the Commercial Vehicles market." Launched in May 2011, the Tata Magic IRIS is a four-wheel, 3-4 seater small passenger carrier, a stylish, safe and comfortable alternative for commuters who depend on three-wheelers. The Tata Ace Zip, also launched in May 2011, is a technologically superior and a smart micro truck with a payload of 600 kg for deep-penetration door-to-door goods movement. Established with an investment of over Rs. 900 crores, the plant spans across an area of 405 acres. The plant has been constructed as per the norms specified by Indian Green Building Council (IGBC). The plant has been equipped with state-of-the-art equipment following lean manufacturing principles. It has built-in flexibilities to assemble large numbers and different variants in mixed mode production. The plant has been recommended for ISO 14001, Environment Management System Standard. The major capital outlay, encompassing civil and plant engineering work for the facility, has been sourced from Europe, the US, South Korea, Japan and best-in-class suppliers from India. The capacity of the plant, to begin with, is 90,000 units per year, to be achieved in phases. Further capacity expansion has also been provided for. The plant has already directly employed 350 individuals. The recruitment exercise covered about 76 ITIs in Karnataka. Training, skill transfer and development of local workforce is one of the top priorities of Tata Motors. The company's training processes and facilities in India have been acknowledged as among the best. Leveraging this expertise through a robust local skill transfer and training programme, Tata Motors is committed to ensuring that skill levels of individuals employed are further enhanced. Tata Motors has also begun activities towards development of local communities by working on four thrust areas - employability, education, health and environment - making it into a beehive of inclusive growth. On Tue, Jun 5, 2012 at 2:29 PM, tanya mehra <[email protected]> wrote: > *In a chat with ET Now, Deven Choksey, MD, KR Choksey > Securities<http://economictimes.indiatimes.com/topic/KR-Choksey-Securities> > shares > his views about the Tata Motors.* > > *ET Now: To your mind, what is the real and correct price level for Tata > Motors?* > > *Deven Choksey:* I don't know what would be the right price level, but if > I look at the fundamentals of the company, then I think that against last > year's Rs 34.5-35 earning per share, if this company ends up producing flat > result even in this year, taking the worst case scenario, then this > particular price level would demand a buy in this kind of a stock. > > We believe that over a period of time this company would overcome the kind > of concerns that most of the analysts have raised after the last quarter's > results, particularly in the JLR margin front. I think, the new launches > have taken the toll on the margins for the time being which may not be the > case going forward in subsequent quarters. > > I assume that even if they end up maintaining single digit growth on the > volume front on JLR portfolio, then probably this company on a safer side > could make an earning per share of around Rs 37-38 and in a good case > probably around Rs 39-40. > > Hence, from that point of view Rs 35 would become a very safe bet to buy Tata > Motors<http://economictimes.indiatimes.com/tata-motors-ltd/stocks/companyid-12934.cms> > on > an earnings basis. So from that point of view, buy into this particular > stock for investment portfolio and stay invested thereafter. > > > -- > Tanya Mehra. > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
