UK firm bagged supply contract for Tata Nano
TT electronics Plc announced that it has secured a contract to supply speed sensors for the Indian conglomerate Tata's Rs one lakh car, Tata Nano, which is expected to be launched later this year. However, the financial details of the contract were not revealed. In a regulatory filing here, the firm said the sensors for the Tata's Nano car would be manufactured by Padmini TT electronics Private Ltd, the joint venture between UK-based TT electronics and Padmini VNA Private Ltd, based in Gurgaon. The joint venture was formed in 2006. Prototypes of the Tata Nano speed sensor have already been supplied and Padmini TT is now increasing output, in preparation for high-volume vehicle production scheduled for September 2008.
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