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