19 February, 2008
Tata Motors Limited and the Government of Punjab today announced the signing of a Memorandum of Understanding (MoU) for setting up a State Institute of Automotive and Driving Skills (SIADS), at Mahuanna Village, District Muktsar, State of Punjab. The MoU was signed in the presence of the Honâ€™ble Chief Minister of Punjab, Sardar Parkash Singh Badal, and Mr Ravi Kant, Managing Director, Tata Motors.
The objective of the institute is to provide training to the youth of Punjab, and in turn enhance their employability. The institute will impart driving training of heavy and light commercial vehicles, buses, passenger cars, off-the-road (OTR) vehicles, earth moving equipment and technical training related to trades such as Auto Mechanics, Welding, Painting, Electrical, Electronics and Air Conditioning.
The institute will be set up in an area of 14 acres and the Government of Punjab will invest Rs.10.17 crores for creating a modern complex, testing track, computerised driving test and hostel facilities. The Government of Punjab will provide the land, building, furniture and funds for establishing the institute. Tata Motors along with its subsidiary, Telco Construction Equipment Company (Telcon), will invest about Rs.2.5 crores as a joint venture partner, and will provide support in the form of designing course content, technical assistance and know-how, guidance, vehicles and earth moving equipments required for training, training aggregates, training material including vehicles manuals, and teaching aids. The Department of Technical Education and Industrial Training will provide instructors for all the Industrial Training courses. The institute will be operated and maintained by a society set up for the purpose, and will be self sustaining.
About Tata Motors
Tata Motors is India’s largest automobile company, with revenues of US $ 7.2 billion in 2006-2007. With over 4 million Tata vehicles plying in India, it is the leader in commercial vehicles and the second largest in passenger vehicles. It is also the world’s fifth largest medium and heavy truck manufacturer and the second largest heavy bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. Tata Motors and Fiat Auto have formed an industrial joint venture in India to manufacture passenger cars, engines and transmissions for the Indian and overseas markets; Tata Motors also has an agreement with Fiat Auto to build a pick-up vehicle at CÃ³rdoba, Argentina. The company already distributes Fiat branded cars in India. Tata Motorsâ€™ international footprint includes Tata Daewoo Commercial Vehicle Co. Ltd. in South Korea; Hispano Carrocera, a bus and coach manufacturer of Spain in which the company has a 21% stake; a joint venture with Marcopolo, the Brazil-based body-builder of buses and coaches; and a joint venture with Thonburi Automotive Assembly Plant Company of Thailand to manufacture and market pick-up vehicles in Thailand. Tata Motors has research centres in India, the U.K., and in its subsidiary and associate companies in South Korea and Spain.