HM TO EXPORT MITSUBISHI LANCER DIESEL VERSION
Article Abstract:
Hindustan Motors (HM) proposes to export its Mitsubishi Lancer diesel version cars. It plans to export Lancer cars to Sri Lanka initially. HM had projected sales of 5,000 Lancer cars by March 1999. It has sold only 250-300 cars a month. It is likely to sell 4,000 cars by March 1999. HM started production of Lancer cars at its facility in Thiruvallur on September 4, 1998. It has invested Rs200 crore. The project is estimated to cost Rs300 crore. It has no dealers in Chennai, Mumbai and Hyderabad. HM has started commercial production of the rural transport vehicle, RTV, which costs Rs3 lakh. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ROCKET SYSTEM PINAKA TEST FIRED
Article Abstract:
Pinaka, India's indigenously developed multi-barrel rocket system, was successfully test-fired on March 19, 1999, from the defence department at Chandipur-on-sea. Sources say that a total of six rockets were fired - three having a range of 12 km while three had a range of 24 km. Pinaka can fire a salvo of 12 rockets, with a maximum range of 39 km, within 44 seconds. (khr)
Comment:
Pinaka, India's indigenously developed multi-barrel rocket system, was successfully test-fired on March 19, 1999, from the defence department at Chandipur-on-sea.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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