Promoters promise to roll out new car by 2009
HYDERABAD: Chief Minister Y. S. Rajasekhara Reddy on Monday unveiled a plaque marking the laying of the foundation stone for MLR Motors' car project here. He complimented the promoters -- M. Lokeswara Rao (Director) and B. V. R. Subbu (Chairman) -- of the project for taking up a challenging task to set up a car manufacturing unit in Medak district.
Mr. Subbu said that the company acquired intellectual property rights from a European automobile major for the B-segment platform on which the car would be built. He said the car would be rolled out by early 2009. By 2008 Sankranti, the company would launch its four-wheel micro-commercial vehicle, providing affordable mobility solution.
The UK-designed power train of the proposed car would set a new benchmark in fuel efficiency and product quality. The four-wheeler micro-commercial vehicle would be a breakthrough in the company's efforts in making cars. The European design acquired by the company needed to be modified to suit Indian needs. The integration of technology and other components would package the car. As for the options, Mr. Subbu said the company was considering petrol and diesel versions of passenger cars. Industries Minister J. Geeta Reddy thanked MLR Group for choosing the Gajwel constituency for setting up of the unit.