Indian Car Giant TATA creates a Tata’s Nano-world’s cheapest car for $ 2,500
2008-01-10 19:56:28 (GMT) (Caymanmama.com - Automotive News)NEW DELHI, India(CaymanMama-AutomotiveNews) India’s major brand Tata Motors has created uproar in the automobile industry with its launch of the world’s cheapest car, Nano. The market onlookers say that Tata’s Nano has brought a big revolution in India and globally, and has given an platform of the potential impact.John Casesa, managing partner of New York based Casesa Shapiro Group said, “They are creating something that has never existed before, the utility of a car with the affordability of a motorcycle.” The very basic car model has been placed at the price of 100,000 INR or $ 2,500.
The new five seater car was launched India’s auto expo on Thursday at Pragati Maida, New Delhi. The car Nano will be competitive with age old and trusted competitor Maruti 800, which is selling for twice the price of the former. Tata has used the technology of two-cylinder gasoline engine and can run at the top speed of 60 mph.
As of now, the car will only be available in India, but the company plans to cater to the nations like Asia, Latin America and Africa in coming years. The manufacturers promise that the car will meet emission standards.
CaymanMama.com - Press Release Distribution Service
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