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Title: India readies world's cheapest car: $2,467
Source:
MSN.com
URL Source: http://articles.moneycentral.msn.co ... r.aspx?GT1=10119&wa=wsignin1.0
Published: Jun 17, 2007
Author: ?
Post Date: 2007-06-17 01:47:11 by A K A Stone
Keywords: None
Views: 5169
Comments: 5
Tata Motors (TTM, news, msgs) is set to unveil the world's cheapest car as early as January as it takes the growing interest in low-cost vehicles to a new extreme. The Indian automaker will launch its $2,467 vehicle by the third quarter of 2008 and may unveil it at January's Auto Expo in New Delhi, Managing Director Ravi Kant said. Separately, Tata Motors is developing a line of small hatchbacks and midsize sedans to be introduced next year. India produces 1.3 million cars a year. With the market growing at 10% to 12% per year, this could reach 3 million within a decade. The four-door car -- a pet project of Tata Group Chairman Ratan Tata -- would be the cheapest by far in its class. The current cheapest, the Maruti 800 produced by Suzuki Motor (SZKMF, news, msgs), sells for more than $4,000. Tata's progress is being watched by automakers, including Toyota Motor (TM, news, msgs), General Motors (GM, news, msgs) and Ford Motor (F, news, msgs), that are developing, or have launched, cheap cars in India, Russia, China and other emerging markets. * Video: India's private-equity boom Carlos Ghosn, Renault/Nissan's chief executive, said the group was working on an even cheaper variant of the Logan, the global no-frills sedan it launched in April in India, where it sells for under $10,000. Tata's car will not conform to European safety and emissions norms. However, Tata, which also sells cars in South Africa and a few European markets, said it could be upgraded should it choose to export. A good-looking car' Competitors are skeptical about the price and quality of the car, which the group says will have a 600-cubic-centimeter engine and come in a range of models. MSNBC reported that the 33-horsepower engine will be capable of 80 mph. Tata developed the car using lower-cost Indian engineers and "out-of-the-box solutions" to slash development and production costs. Rising prices of steel, aluminum, copper and other commodities raised the car's costs in the four years since Tata announced it, prompting the group to make design changes for the car. However, Kant said: "It will be a good-looking car which you will want to purchase." Construction on the plant in West Bengal, where the car will be made, was delayed by a land dispute. However, Tata was on track to launch the vehicle in the second to third quarter of 2008, Kant said. The plant will have a capacity of 250,000 units per year, which Tata aims to reach within two to three years. Large sales volume will be crucial for the car's viability, given its low price target.
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#1. To: A K A Stone (#0)
If you had any options whatsoever, why on earth would you want to spend yer hard-earned money on the "world's cheapest car"? I'd rather just buy a used, nicer car...MUD
"Devolve Power Outta the Federal Leviathan and Back to the States, Let me know when those curry eaters produce something along these lines: SHADDUP, YOU STOOOPID MORON!!
"Devolve Power Outta the Federal Leviathan and Back to the States, Here is an indian car.
This isn't the Cheap two thousand dollar car but it is from Indai. Maruti Omni can accompany anybody during the lazy holidays. Its seating capacity can accommodate a group of people going for picnic or outing. Stylish, smart and sporty looks of newly launched Maruti Omni is very comfortable. Its reclining and sliding front seat , enough leg space and ample headroom make it more spacious. Its sleek sliding door and new side body graphics are giving new taste to the car lovers. Apart from this, smart new steering wheel, clear lens headlamps and head lamp leveling device are lining up to market this car properly. With 37 bhp @ 500rpm and torque of 6.32 kgm @ 3000rpm , this car is running strong over the years. MPFI engine fulfills all the Bharat III emission norms. The features that make this car safe and secure are like side impact door beams, thermoplastic bumpers, booster assisted disc brakes, secured seat belts, laminated glass winshield etc. Turning radius of 4.1 m, Omni solves the purpose of narrow lane driving, keen turning and small space parking.
Localities, and Individuals as Prescribed in the US Constitution."
#2. To: A K A Stone (#0)
Whatcha Lookin' At, Butthead
#3. To: Biff Tannen (#2)
Localities, and Individuals as Prescribed in the US Constitution."
#4. To: Biff Tannen (#2)
#5. To: Biff Tannen (#2)
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