Indian Company Prepares To Unveil $2,467 Car

LA TImes   |  John Reed, Amy Yee and Joe Leahy   |   June 11, 2007 04:37 PM


stumbleupon :Indian Company Prepares To Unveil $2,467 Car   digg: Indian Company Prepares To Unveil $2,467 Car   reddit: Indian Company Prepares To Unveil $2,467 Car   del.icio.us: Indian Company Prepares To Unveil $2,467 Car

Tata Motors Ltd. 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 carmaker 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 mid-size 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.

Comments for this post are now closed

 



Comments for this entry are currently under maintenance but will be restored soon.