Latest Automotive News

Subscribe in a reader




Auto Price Quote
Get a free auto price
quote from Edmunds!

Tata Motors to display ultracheap car at auto show next month

Email   small font medium font large font

Google
 
Web AutoNews24h.com

India's Tata Motors plans to unveil its ultracheap $2,500 car at an auto show here next month, the company said Wednesday.

Analysts believe the car may force other manufacturers to lower their own pricing.

While the price has created a buzz, critics say the vehicle will lead to millions more cars hitting choked Indian roads, adding to mounting air and noise pollution problems. Others have said Tata will have to sacrifice quality and safety standards to meet the price tag.

The four-door car, which will have a rear engine, is expected to go on sale in the later part of 2008, the company said in a statement.

Company chairman Ratan Tata has said the car will be the least polluting vehicle on the Indian roads and meet necessary safety standards.

Initially, the company plans to make between 250,000 to 500,000 of the cars each year, Tata told The Associated Press in a recent interview. While the base model will cost 100,000 rupees, the company will offer two variants with added features, he said.

German auto consulting firm CSM Worldwide has said the new car could help Tata Motors emerge as the country's largest manufacturer of cars and light commercial vehicles by 2013.

Currently, Tata Motors has a 17 per cent share of India's market.

Besides the ultracheap car, Tata Motors will also display several new cars that it plans to bring to the Indian market in collaboration with Italian auto maker Fiat Spa. The auto show in New Delhi opens Jan. 9.

Receive the latest automotive news by email!

Enter your email address:


Find the new car you want on cars.com

Related news
NEW DELHI (AP) _ India's largest automaker, Tata Motors Ltd., said Thursday it plans set up a plant in communist-ruled West Bengal state to manufacture a family car that will cost little ...
India's Tata Motors on Thursday unveiled its much anticipated US$2,500 car, an ultracheap price tag that suddenly brings car ownership into the reach of tens of millions of people. While the price has ...
Tata Motors' ultra-cheap car will be the least polluting vehicle on Indian roads, the company's chairman said Monday, refuting criticism that the $2,500 car would add to traffic chaos and carbon emission. Ratan Tata ...
India's largest automobile manufacturer, Tata Motors Ltd., said Tuesday its net profit rose 12 per cent in the last quarter on strong local sales of trucks and buses in the ...
NEW DELHI (AP) _ Tata Motors Ltd., India's largest automobile manufacturer, said Friday its profit in the most recent quarter rose 26 per cent from a year ago, driven by strong sales ...
Business Customers Can Use Less Gas, Go Green and Still Get the Job Done ...
The Ford display at the 2010 North American International Auto Show is more than 54,000 square feet, 48 percent bigger than last year, making it the largest Ford stand ever Additional space will be ...
Kia Motors America (KMA) today announced its best sales month ever for the second consecutive month with record May sales of 31,047 units, an increase of nine percent over the same period ...
FRANKFURT, Germany (AP-CP) _ Luxury automaker Audi AG sold more than 500,000 cars in the first half of this year, its best performance to date, the company said Thursday. The Ingolstadt-based unit of ...

Best Investment Newsletter

- 46% in 2008

- invest in the best performing US stocks only and sell them when the uptrend is over

- very easy to follow, simple buy/sell signals

- no need to have investing or trading experience

Find More Now!


Tata Motors to display ultracheap car at auto show next month
> © 2006-2011 AutoNews24h.com except where otherwise noted