India's Tata to launch electric car in Norway in 1 yr
NEW DELHI, Sept 3 (Reuters) - India's Tata Motors (TAMO.BO: Quote, Profile, Research) plans to launch an electric version of its Indica hatchback in Norway within a year, and will bring it to the local market at a later stage, its managing director said on Wednesday.
Tata Motors (TTM.N: Quote, Profile, Research), which is also making the Nano, billed as the world's cheapest car, showcased a prototype of the "Indica ev" at an industry conference on Wednesday.
"This is one of the technologies that we are looking at, as you know that electric cars are almost zero emission," Managing Director Ravi Kant said.
Car makers, including Nissan Motor (7201.T: Quote, Profile, Research) and Mitsubishi Motors (7211.T: Quote, Profile, Research), are preparing to roll out electric vehicles in the coming years, amid soaring gasoline prices and stricter emission rules.
U.S. giant General Motors Corp GM.N, meanwhile, is looking to beat Toyota Motor (7203.T: Quote, Profile, Research) to the punch with its all-electric Chevy Volt. GM expects to have a showroom-ready version by this year, according to people familiar with the project.
Last week, Toyota said it would speed up the development of vehicles that run only on electricity with the aim of mass producing them in the early part of the next decade.
Tata Motors' electric car -- with a left-hand drive -- has been developed in collaboration with a Norwegian firm, Kant said.
"Right now we want to test it out in Norway with the Norwegian party. Because, you know, lot of infrastructure is required for electric vehicles and ... in Norway, they are making arrangements for electric cars."
"We will bring that to India at an appropriate time." Continued...
Economy seen growing at 7.2 pct in FY10 - govt
The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget. Full Article
AIDING GREECE
Eurozone agree in principle to aid Greece - source
Euro zone countries decide to help debt-stricken Greece. Full Article | Video




India
US
UK






