The New $2,000 Car by Tata Motors
05-20-2006, 12:36 PM
#1
The New $2,000 Car by Tata Motors
Globe & Mail
http://www.theglobeandmail.com/servl...Business/Asia/
Business
POSTED ON 19/05/06
BUSINESS TICKER: INTERNATIONAL ASIA: AUTOMOTIVE
India's Tata Motors to build $2,000 car
India's largest automobile manufacturer, Tata Motors Ltd., said yesterday it plans to set up a plant in West Bengal state to manufacture a family car that will cost little more than $2,000 (U.S.). The plant will be set up with an investment of 10-billion rupees ($247-million Canadian), and is expected to start production in two years, said Ratan Tata, the company's chairman. He said the company aims to keep the car's price below 100,000 rupees, making it the cheapest car on the Indian road. The Tata project is expected to create about 10,000 jobs at the plant and vendor chains. Tata didn't say how many cars the plant will produce each year. It also wasn't clear if the company planned to sell the car in overseas markets. TTMT (Mumbai) fell 89.3 rupees ($2.20) to 872.9 rupees. AP
http://www.theglobeandmail.com/servl...Business/Asia/
Business
POSTED ON 19/05/06
BUSINESS TICKER: INTERNATIONAL ASIA: AUTOMOTIVE
India's Tata Motors to build $2,000 car
India's largest automobile manufacturer, Tata Motors Ltd., said yesterday it plans to set up a plant in West Bengal state to manufacture a family car that will cost little more than $2,000 (U.S.). The plant will be set up with an investment of 10-billion rupees ($247-million Canadian), and is expected to start production in two years, said Ratan Tata, the company's chairman. He said the company aims to keep the car's price below 100,000 rupees, making it the cheapest car on the Indian road. The Tata project is expected to create about 10,000 jobs at the plant and vendor chains. Tata didn't say how many cars the plant will produce each year. It also wasn't clear if the company planned to sell the car in overseas markets. TTMT (Mumbai) fell 89.3 rupees ($2.20) to 872.9 rupees. AP
05-20-2006, 04:13 PM
#3
Registered
i just cant buy a car from a company who's name is slang for boobies.. tatas.. mmm..
my girlfriend would like me to interject at this point and state that I am only supposed to say MMMM for her tata's, alas, they are quite magnificent.
I could just take a vacation in there.....
my girlfriend would like me to interject at this point and state that I am only supposed to say MMMM for her tata's, alas, they are quite magnificent.
I could just take a vacation in there.....
Last edited by Ajax; 05-21-2006 at 04:40 PM.
05-21-2006, 01:53 PM
#10
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lol, well to give an idea this is what the $5,000 dollar car looks like.
Remember we're talking about a country where the most expensive car is the Hyundai Sonata.
Remember we're talking about a country where the most expensive car is the Hyundai Sonata.
05-22-2006, 02:21 PM
#13
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Originally Posted by murix
A $2k car is still expensive to most people in India!
05-22-2006, 02:36 PM
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thats great problem is they still cant drive .. add thousands of cheap cars to the equation and you get some human paneer (that saucy indian dish with human bodies for peas or pieces of cheese)
05-22-2006, 03:44 PM
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I doubt that manufacturer will attempt to sell a car in America.
Driving a car in india is not a very practical thing to do. There is simply too much congestion so most people choose motorcycles and cabs. Privately owned cars are there, but they are more of a status symbol than anything else. This car is probably going to be marketed to the middle class in India.
Driving a car in india is not a very practical thing to do. There is simply too much congestion so most people choose motorcycles and cabs. Privately owned cars are there, but they are more of a status symbol than anything else. This car is probably going to be marketed to the middle class in India.
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