Tata Motors is likely to have one more achievement to cheer about as it gets into the new financial year, when Thailand’s Board of Investment (BoI) approves the company’s proposal to make an eco-car.
A BoI official in Bangkok told Business Standard that the internal approval meeting, scheduled for April 2, 2008, was likely to give its nod to India’s third largest passenger car maker to manufacture the eco-car.
BoI is the Thai equivalent of India’s Foreign Investment Promotion Board (FIPB).
Govt initiative
The eco-car is an initiative of the Thai government to make the country a prominent producer of cars that meet state-of-the-art emission and safety norms with a stringent fuel economy of 20 km a litre.
Tata Motors will be the third global car maker to get approval for such a project after Suzuki Motor Corporation and SIAM Nissan Automobile, whose projects are expected to start commercial production in 2010.
BoI issued a notification in June 2007 inviting proposals from global car makers to manufacture the eco-car.
It set a minimum pollution standard of Euro-IV or higher, with emissions no more than 120 grams of carbon dioxide per kilometre. The car should also satisfy passenger safety standards for both front and side impact as specified by UNECE Reg 94 and Reg 95 respectively.
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