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The Aurangabad-based company is in discussions with major customers for sale of electrical motors, traction motors and controllers, telematics, lighting, catalytic converter and polymer products. The company management also informed that the government has approved its application for the Production-Linked Incentive (PLI) and Varroc will be investing around INR 280 crore over five years under the scheme.
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The company said, "The Chennai plant has resumed operation in double shifts with effect from June 14. More than 300 people gave their consent to resuming production and it continues to increase." Ford said the severance package would only be available to those employees who resume production from June 14 and support the company in completing the production schedule.
Tata Motors argued in its petition that it submitted its technical and financial bid for the tender after a pre-bid meeting with BEST officials. However, when the BEST published its technical suitability evaluation of the tender, it declared Tata Motors’ bid as “technically non-responsive”.
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