British firm to supply speed sensor for Tata Nano

LONDON: TT Electronics Plc, a world leader in sensor and electronic components technology, Tuesday said it has secured a contract to supply speed sensors for Nano, Tata Motor's $2,500 car unveiled last month.

The sensors will be manufactured by Padmini TT, a joint venture formed in 2006 between TT Electronics and Padmini VNA Private Ltd in Gurgaon, on the outskirts of New Delhi.

This is one of several contracts with local vehicle manufacturers and automotive component suppliers recently awarded to this new enterprise, TT Electronics said in a press release.

"We are delighted with this news, which further endorses our strategy of investment in India's thriving automotive industry," said Neil Rodgers, CEO of TT Electronics.

"Although relatively modest in value terms, we regard this contract as a major breakthrough with Tata Motors and are very pleased to be part of the revolutionary 'one lakh car' project, which is expected to bring affordable four-wheel transportation to millions of people across the globe."

Prototypes of the Tata Nano speed sensor have already been supplied and Padmini TT is now preparing to increase output, in preparation for high-volume vehicle production scheduled for September 2008, the company said.