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Lhasa

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Lhasa

Re: None

Wednesday, 05/14/2008 3:47:03 PM

Wednesday, May 14, 2008 3:47:03 PM

Post# of 195
Acknowledgements to CARL135 on the iii board

for this link which appears to reveal the fees and royalties payable to Torotrak by Tata in relation to Tata's exploitation of Torotrak's IVT in Tata's future vehicles.

http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=1&filename=mbuzz/mbuzz375.htm

If the figures are true, and I have no reason to doubt them, it confirms, if confirmation were actually needed, Tata's intentions to use Torotrak's IVT in a whole range of vehicles in the future.

Lhasa
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