The Hindu Business Line : Tata Motors positive on Rs 1 lakh car plan

TATA Motors was positive on its plan to launch a car with a price tag of Rs 1 lakh. However, a final shape of the project would emerge only after eliciting the views and ideas of vendors and partners, said Mr R. Gopalakrishnan, Executive Director, Tata Sons Ltd.

In a brief interaction with newspersons on the sidelines of the meeting held by the Bangalore Management Association (BMA) here recently, Mr Gopalakrishnan said any plan had to have an assured success.

He referred to the doubts expressed over the Tata Indica passenger car conceived by Mr Ratan Tata as a value for money car.

On the IPO plan for TCS, Mr Gopalakrishnan declined to give any specific information saying, "nothing has been decided yet."

Earlier in his address to the members of BMA, Mr Gopalakrishnan, who is also the President of the All-India Management Association (AIMA), said a formal charter has been drawn up for the associations operating in different parts of the country to harness their resources and talent for a strong `management movement.'

About 42 of the 60 associations have signed the charter, which aims mainly at the management associations ploughing back their resources in furthering the cause of management of the economy.

BMA conferred honorary membership to Mr K.K. Mishra, Chief Secretary, Karnataka Government, Mr M.S. Thimmappa, Vice-Chancellor, Bangalore University, and Mr K. Balaveera Reddy, Vice Chancellor of Vishweshwaraiah Technological University.