The world’s cheapest car will be launched next week with backers hoping its troubled birth and the global economic crisis will not put off buyers.
A decision by Tata to shift a factory for the world’s cheapest car after protests has refueled debate about India’s troubled industrialisation push.
Protests against a factory being built in eastern India to make the world’s cheapest car forced a halt to work for a second day Saturday
Tata Motors will move production of the world’s cheapest car from West Bengal if violent protests by farmers forced to sell their land continue.
India’s Tata Motors said on Wednesday it had bought British luxury icons Jaguar and Land Rover from struggling United States carmaker Ford for $2,3-billion as it expands its global reach. The all-cash deal is part of Tata’s efforts to grow outside Asia, but analysts have questioned how the Indian firm will absorb the two high-end marques into its operations.
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/ 10 January 2008
India’s Tata Motors unveiled the world’s cheapest new car on Thursday, bringing car ownership closer for millions of poorer consumers in emerging markets but raising environmental concerns. The four-seater Nano, with an engine of 625cc, will have a dealer price of 100 000 rupees ( 500), about half the cost of the cheapest car on today’s market.