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Components
April
22, 2005
TACO, MobiApps JV provides end-to-end
fleet management
New
Delhi -- TACO, India's growing auto component company,
and MobiApps(tm), the leading provider of satellite
and terrestrial communication-based logistics and telematics
technologies, announced the launch of a joint venture
company, TACO MobiApps Telematics Ltd. (TMT) recently.
TMT will commence operations by developing and retailing
"trako" vehicle tracking systems (VTS) and
logistics solutions based on global positioning system
(GPS) using GSM and CDMA-based communication to the
OEM and retail markets. The Company will focus on exponentially
enlarging the number of commercial vehicles equipped
with VTS, and projects to have 250,000 units deployed
by 2008. TMT will install and maintain the necessary
hardware, software, web and mobile phone services to
allow customers to manage their fleets and mobile assets
- track, trace, talk - through real-time visibility
and control.
VTS enhance operational efficiencies of logistics by
tracking the location and status of the vehicles and
consignments; gather information including unscheduled
stops, off-route movement, over speeding and technical
data including fuel level and battery charging voltage,
and relay such information back to the base camp. The
base camp can access this data through various means
- live on their computer screens via internet, as SMS
on their mobile phones, by phone-calling a data centre,
or by receiving periodic paper reports.
DS Gupta, MD, TACO, said: "Electronics, and vehicle
telematics, in particular, is a growth area in the automotive
industry and the launch of TMT marks TACO's entry into
this area. Leveraging the strengths of India and our
partner, MobiApps, we intend to build TMT to be a global
operator, with leadership position in India."
Sanjay Chakrabarty, chief executive officer, MobiApps
Holdings, added: "This joint venture continues
our growth strategy of being the leader in vehicle telematics.
The venture will build on TATA AutoComp's expertise
in delivering global automotive OEMs, and MobiApps'
focussed competencies in wireless and satellite communications.
TMT will be able to provide end-to-end solutions to
customers through applications developed in our global
technology centers."
Praveen Gupta, chief executive officer, TMT stated:
"Our market research indicates a high potential
for improvement of fleet efficiencies through the use
of VTS. TMT's parents have the necessary technology,
automotive domain experience and resources to address
this need. Our challenge is to enable even small fleets
to exploit these advanced technologies and vastly improve
their short term cash flows."
Contact:
TACO MobiApps Telematics Ltd.
Tel: +91 20 2543 8500
amit.kotwal@tacogroup.com
www.tacogroup.com
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