Talks between a group opposed to the $350-million (U.S.) Tata Motors Ltd. Nano factory in Singur, West Bengal, and local government officials were inconclusive yesterday, officials said. After the three-hour meeting, Partha Chattopadhyaya, a leader of the opposition Trinamool Congress party, which has led protests against the factory, said, "We are heading toward a solution." More talks are set for tomorrow. Tata Motors wasn't at the meeting. Weeks of violent protests by farmers and local leaders, who want Tata to hand back some factory land to farmers they claim weren't adequately compensated, threaten to delay the $2,500 car's launch, expected by year-end. Tata this week suspended work at the site, and is preparing alternative production plans. TTMT (India) fell 7.25 to 420.05 rupees ($9.97).
BUSINESS TICKER: INTERNATIONAL: ASIA: AUTOMOTIVE
Talks on Tata factory end without a deal
AP
September 6, 2008
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