¨The engine developments, including certification to Euro 4, must be completed by November 2009. TML’s production and marketing will commence in the December 2009 quarter ensuring full commercial production by the March 2010 quarter. This timeline is planned to coincide with India’s regulatory requirement that all new trucks and buses, in eleven major centres, be Euro 4 emission compliant by 1 April 2010.¨
As the months pass and ACE keeps chugging along, the push to NG in India is becoming more and more prominent, it seems the next six months could see some sort of improvement in the ACE situation. The TATA work is reaching its milestones and timelines, perhaps better times are soon to come!!!???
ACE Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
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