"Landep News"
In addition to the two plants in Maharashtra and one in Uttarakhand, Bajaj Auto has proposed plans for their fourth and largest ever plant in the country. The new plant will be situated near the Mundra port in Gujarat. With an investment of nearly 1, 000 crore, the company plans to produce a four-wheeler which will be a next generation passenger mover. The 500 acre factory will have an installed capacity of producing 5 million units annually. However, 60% of this production will be export oriented.
Apparently, Bajaj is not the only company to have plans for Gujarat. Tata has already begun production of the Nano in Sanand. In the recent past, four wheeled players like Ford and Maruti Suzuki have expressed interest in the state. The move to shift from its steady base in Maharashtra was due to a fifteen month long dispute between the company and the Maharashtra State government, which has withheld Rs 1,100 crore in sales tax refunds. Instead, the government has demanded Rs. 600 crore from the company for nonpayment of sales tax for the year 2009-10. The motorcycle giant will challenge the notice in the tribunal. In addition to the government’s erratic behavior, the acute labor problems at the Chakan plant seems to have forced the company to look at more proactive avenues. Thank's for link:
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