Jan 10 2008
“The People’s Car”: The $2500 Tata Nano
I thought this was pretty interesting.
Tata Motors, India’s largest automobile company, unveiled the world’s cheapest car today – according to a press release on the company’s website. This brand new two-cylinder vehicle is priced at INR (Indian Rupee) 100,000 equivalent to $2549 US dollars.
Image source: www.tatapeoplescar.com
Honestly, when I heard about this concept more than an year ago, I thought the project will sort of fizzle out eventually because of cost inflation and gross underestimation of technological challenges. Now, I stand corrected.
By the way, on a side note, Tata Motors is also in talks with Ford to buy Jaguar and Land Rover businesses.
If you think oil prices are high now, wait till this $2549 car becomes popular. It should be noted that “popular” has a totally different meaning when we are talking about a country with 1 billion people. But it could have been worse …. we are fortunate that [...]
Original post by golbguru