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Tata is planning significant investments across sectors in Africa with $768 million earmarked for new projects in Auto, Hospitality, Hotels, and IT sectors.
Tata is planning significant investments across sectors in Africa with $768 million earmarked for new projects in Auto, Hospitality, Hotels, and IT sectors.
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Visitors look on at the Tata-Nano at the 9th Auto-Expo in New Delhi, Jan 11, 2008. India's Tata Motors has unveiled its much anticipated US$2,500 car, an ultra-cheap price tag that brings car ownership into the reach millions of people.
> AP Images
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Tata Motors today took the covers off the world’s cheapest car — Nano.
Speaking at the unveiling at the 9th Auto-Expo in New Delhi, Ratan Tata, Chairman of the Tata Group, said, "I observed families riding on two-wheelers – the father driving the scooter, his young kid standing in front of him, his wife seated behind him holding a little baby. It led me to wonder whether one could conceive a safe, affordable, all-weather form of transport for such a family."
The base price for the Nano will be 120,000 rupees, including road tax and delivery. Higher level models will cost more and come with air-conditioning.
Via NYT
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An Indian model poses with the Maruti-Suzuki concept car at the ninth Auto-Expo in New Delhi, 09 January 2008.
India's giant Tata-Group was set to unveil the world's cheapest car that analysts say could revolutionise automobile prices worldwide.
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Ford has selected Tata as the preferred-bidder for Jaguar and Land-Rover, putting India's largest truckmaker in a position to take over the two British iconic-brands.
Buying Jaguar and Land Rover, which date back to Britain's colonial era, would give Mumbai-based Tata a presence outside Asia.
Tata's bid reflects a "new-guard" in automaking, said David Cole, chairman of the Center for Automotive Research in Ann Arbor, Michigan.
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