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Tata Group's People's Car

Heavy traffic in Indian cities has necessitated a new solution. The retail price is 2,500 USD. The ultra cheap, ultra small, jelly bean-shaped automobile with 4 doors, 5 seats and 625 cubic centimetres engine, represents a revolution in India's small car market.

Ratan Tata, the chairman of the Tata Group, has kept his promise that millions of common men in India would get a chance to participate in the benefits of India's fast economic growth, by creating the one-lakh (100,000 rupees) car.

It can initially be challenging for Tata Group to make any money from this car.


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http://www.sevanco.net/news/full_story.php?id=1159

Vardan Sevan - Published: 2008-01-13 12:38:39