New Delhi, 13 Feb 2008: UK supported TT Electronics PLC on weekday said it has secured a lessen to cater pace sensors for the Amerindic corp Tata’s Rs One lakh car, Tata Nano, which is due to be launched after this year.

However, the business info of the lessen were not revealed.

In a restrictive filing, the concern said that the sensors for the automobile would be manufactured by Padmini TT Electronics Private Ltd, the Joint Venture between UK-based TT Electronics and Padmini VNA Private Ltd, supported in Gurgaon. The render stake was bacilliform in 2006.

“Although relatively overmodest in continuance terms, we affectionateness this lessen as a field insight with Tata Motors and are rattling entertained to be conception of the subverter ‘One lakh car’ project, which is due to alter inexpensive four-wheel installation to jillions of grouping crossways the globe,” said Mr.Neil Rodgers, CEO, TT Electronics.

“We are delighted with this programme which boost endorses our strategy of assets in India’s thriving moving industry,” he added.

Prototypes of the Tata Nano pace device hit already been supplied and Padmini TT is today crescendo output, in activity for high-volume container creation regular for Sept 2008, the filing added.

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Tags: 13 february, automotive industry, breakthrough, car project, conglomerate, financial details, high volume, joint venture, lakh car, nano, neil rodgers, new delhi, private ltd, prototypes, rs one, speed sensor, speed sensors, supply contract, tata motors, tt electronics plc

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