Business Daily from THE HINDU group of publications
Tuesday, Nov 27, 2007
ePaper | Mobile/PDA Version


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Outlook
Ural India may set up small car facility

Mulling collaboration with Russian company

Ambar Singh Roy

Kolkata, Nov. 26

Ural India Ltd, a joint venture of the Kolkata-based Motijug Group, the West Bengal Government and Uralaz of Russia, is firming up plans to set up a small car manufacturing facility in collaboration with a Russian company.

Discussions in this regard are under way and a formal announcement will be made by the end of the current fiscal. Ural India is currently engaged in the manufacture of heavy-duty and high-capacity trucks, dump trucks and tippers at its manufacturing facility that has been set up at Haldia in West Bengal.

Ural India’s manufacturing facility in Haldia was set up last year. It was West Bengal’s first automobile manufacturing facility to be set up in 64 years. In 1942, Hindustan Motors had set up the country’s first car manufacturing plant at Uttarpara near here.

Heavy vehicles

Talking to Business Line, Mr Anirudh Kanoi, Director in Ural India Ltd, said the location of the car project has not yet been decided. Its implementation would entail an investment of around Rs 700 crore.

Mr Kanoi said Ural India would also embark upon the production of heavy vehicles of up to 50-tonne capacity at its Haldia facility. While samples of the 50-tonne capacity heavy vehicles would be displayed in the first week of next month, production of the vehicles would begin from January next year. Currently, Ural India manufactures 6X6 model heavy vehicles of up to 25-tonne capacity.

According to him, the domestic market for heavy vehicles was booming with growing demand for them coming from sectors such as mining, infrastructure, road construction and steel companies.

‘Cost competitive’

The heavy vehicles manufactured by Ural India are cost-competitive, fuel-efficient and can be operated in the peak rainy season since their engines were fitted with waterproof components. In fact, heavy-duty vehicles manufactured by Ural India can operate normally even where there is five feet water, he pointed out.

Mr Kanoi said Ural India would manufacture over 100 heavy-duty vehicles at its Haldia facility each month beginning January 2008. They would be marketed through the company’s agencies.

More Stories on : Outlook | Cars | HCV/LCV/Tractors

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Argenta, Dr Reddy’s develop respiratory drug


Lafarge to resume Meghalaya mining this week
Bajaj brothers trying for ‘out-of-court settlement’
Walchandnagar declares 100% dividend
IREDA pays dividend to Govt
Sadbhav bags Chhattisgarh projects
IVRCL bags Chhattisgarh project
Quality award for BHEL, Tiruchi
Minda bags national R&D award
Rain Calcining merges with Rain Commodities
Godrej's medical diagnostics biz
JSW to invest Rs 40,000 cr in 3 years
Soktas India setting up plant with IFC funding
Reliance Power in talks to raise debt for Sasan project
NTPC clears Rs 7,245-cr proposals
PTC diversification plans seen positive
Glitnir ties up with LNJ Bhilwara for geothermal plants
Dr Reddy’s tie-up with Sygnis could improve earnings
GVK Bio raises Rs 100 cr from Sequoia Capital
Ceat to finalise plans for truck radial plant by year end
Ural India may set up small car facility
Jindals seek to develop mines in Salem, Tiruvannamalai
Rohtash Mal to head Escorts’ agri machinery group


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line