TT electronics PLC
12 February 2008
TTG.L
Speed Sensor Contract for Tata Nano Minicar
TT electronics plc, a world leader in sensor and electronic components
technology, today announces that it has secured a contract to supply speed
sensors for the Nano, the radically new minicar unveiled in January 2008 by Tata
Motors Ltd, one of India's leading car manufacturers.
The sensors will be manufactured by Padmini TT electronics Private Ltd ('Padmini
TT'), the joint venture formed in 2006 between TT electronics and Padmini VNA
Private Ltd ('Padmini VNA'), in Gurgaon, near Delhi, India. This is one of
several contracts with local vehicle manufacturers and automotive component
suppliers recently awarded to this new enterprise.
'We are delighted with this news which further endorses our strategy of
investment in India's thriving automotive industry,' said Neil Rodgers, CEO of
TT electronics. 'Although relatively modest in value terms, we regard this
contract as a major breakthrough with Tata Motors and are very pleased to be
part of the revolutionary 'one lakh car' project, which is expected to bring
affordable four-wheel transportation to millions of people across the globe.'
The Nano, due to be launched later this year, is a small saloon vehicle with
rear-wheel drive powered by an all-aluminium, two cylinder, multi-point fuel
injection petrol engine and has been designed specifically to reduce weight and
to keep costs to a minimum. This also helps maximise performance whilst
delivering greater fuel efficiency; as a result, the car has a low carbon
footprint.
Padmini TT operates on an eight acre site in Gurgaon. Products manufactured
include engine speed, position, temperature sensors and related modules.
Prototypes of the Tata Nano speed sensor have already been supplied; Padmini TT
is now preparing to increase output, in preparation for high-volume vehicle
production scheduled for September 2008.
Enquiries:
TT electronics plc Tel: 01932 841 310
Neil Rodgers, Chief Executive
Biddicks Tel: 020 7448 1000
Zoe Biddick
This information is provided by RNS
The company news service from the London Stock Exchange
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