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April 04, 2008: Tata Motors has received the Thailand government’s approval for setting up a greenfield facility to manufacture eco-cars at an estimated investment of Rs.760 - 1,015 crore.
Thailand had invited global car makers for manufacturing environment-friendly cars while proposing to give tax benefits subject to certain conditions. Toyota and Mitsubishi have also received approval for similar facilities. The three companies had already been permitted to establish eco-car plants, ahead of the latest round of approval.
Source: PTI