Tata motors has again add up to the top notch headlines, when the Thailand Board of Investment gave green signal to the company's proposal to make an eco car. The official of the Thailand Board of Investment said that the company is schedule to get its final nod in the proposed internal approval meeting that is going to take place April 2, 2008. Thailand Board of Investment is the Thai equivalent of the India's Foreign Investment Promotion Board.
Tata Motors Ltd. are the India's top vehicle maker, that have taken initiative along with the Thai Government to produce the cars that are fuel efficient and more economical. Tata Motors will be the world's third global car maker to get approval of such a project after the Suzuki Motor Cooperation and SIAM Nissan Automobile, whose projects will going to start the commercial production in the year 2010.
Thailand Board of Investment issued a notification in June 2007 inviting proposals from the global car makers to manufacture the eco cars. Although it has set the minimum pollution standard of Euro IV, with emissions no more than 120 grams of carbon dioxide per kilometer. Also the car shold satisfy the passenger safety standards.
The entire world is waiting with the baited breadth for the launch of the eco cars. Thai government is looking forward to make country a prominent car producer that meet state of the art emissions and safety norms with stringent fuel economy of 20 km a liter. On the other hand the Thai government has offered tax breaks, duty exemptions, and the other relative incentives if the manufacturer invest a minimum of 5 billion bath and produce 100, 000 units by the fifth year of operations.
In the time when the energy requirements are on the rise, the success of the eco cars are in no doubt, that will meet the international standard and specification. Already the Tata have their presence in the commercial vehicle space of Thailand. But it is not clear that Tata will use Hybrid or any other alternate technology in the Thai eco car project. The eco car project is expected to receive corportate income tax exemption for the period of eight years and the permission to import machinery duty-free.
By. Manjari Singh
http://www.articlesbase.com/cars-articles/tatas-new-eco-car-project-804101.html
