MUMBAI (AFP) - - India's Tata Motors on Monday launched the world's cheapest car, the Nano, hoping to revolutionise travel for millions and buck a slump in auto sales caused by the global economic crisis.
Company boss Ratan Tata said the no-frills vehicle, slated to cost just 100,000 rupees (2,000 dollars) for the basic model, will get India's middle-class urban population off motorcycles and into safer, affordable cars.
"I think we are at the gates of offering a new form of transport to the people of India and later, I hope, other markets elsewhere in the world," he said, describing the launch as a "milestone."
"The present economic situation makes it somewhat... more attractive to the buying public," he told reporters in Mumbai.
The wraps were taken off three Nanos -- dubbed "The People's Car" -- at a glitzy, open-air ceremony at a south Mumbai sports ground.
Tata confirmed that the basic model would be 100,000 rupees direct from the factory, not including tax and transportation. The cheapest showroom price is 112,735 rupees.
Potential owners of the car -- which is just over three metres (10 feet) long and has a top speed of 105 kilometres (65 miles) per hour -- can apply between April 9 and 25, Tata managing director Ravi Kant said.
A ballot will then select 100,000 people to be the first to get the keys to the vehicle and deliveries will start in early July 2009, he added.
Even affluent Indians are eyeing up the Nano , which has a two-cylinder engine and four-speed manual transmission but no air conditioning, electric windows or power steering.
Versions with air conditioning and power steering will be available, costing up to 170,335 rupees for a deluxe model straight from the factory floor, or 185,375 from a Mumbai showroom.
Shares in Tata Motors on India's 30-share Sensex index jumped eight percent in early trade but finally closed 2.8 percent up on profit-taking.
Car dealers say they have been flooded with queries about the Nano, whose debut was delayed after violent protests over the acquisition of farmland to build the plant, forcing Tata Motors to shift from West Bengal state.
But the new plant in Gujarat in western India will not be ready until late this year or early 2010, Tata said, meaning production must come from existing factories, reducing output and increasing waiting times for deliveries.
Kant said 250,000 to 500,000 cars could be produced from the Gujarat plant from next year but admitted some customers may have to wait more than 12 months in the meantime to take possession of their Nano.
Tata, though, said it was the right decision to push ahead with Monday's launch of the 20-billion-rupee project.
The Nano's arrival comes at a tough time for India's top vehicle maker, hit by the economic slowdown at home and abroad as it tries to absorb the British luxury marques Jaguar and Land
Rover that it bought last year for 2.3 billion dollars.
Tata is hoping the Nano will also be a hit overseas in the long term.
Earlier this month, the firm unveiled a European Nano sporting airbags and leather trim that will hit the market by 2011 but be costlier than in India due to the extra features.
A US version is also on the drawing board but requires redesigning to meet American safety standards.
Environmentalists, however, fear the Nano will accelerate congestion on India's already crowded, pot-holed roads and add to choking pollution.
"Every car that goes on the road is going to use road space. We're only adding to congestion," said Rajendra Pachauri, head of the UN's climate panel, which won the 2007 Nobel Prize.
Tata countered by saying that the Nano would be the least polluting car in India
Princess UK, Princess United State Of America, Princess United State Of America, Princess Car, Princess Cars, Princess USA, Princess USA
Popular Posts
-
Sejak aku sakit 2-3 minggu nie,selera mkn aku nie berubah-ubah...Ada saja yg aku "TERINGIN" ,mengalahkan org mengandung plak....Wa...
-
TAHU MAKAN JEEEEE....ADAKAH IA HALALLLLL ? erkk...assalamualaikumm..seperti kamu semua sedia maklum bahawa ezza adalah spesis makhluk yang s...
-
Exam today, went pretty well :) So although it kills me to do such small posts, maybe it will be a good thing when I get my results through ...
-
Assalamualaikum n Aloha!! Cancer Cell p/s: tolong doakan utk sepupu (my cousin) Aliaa, whoever reading this, she's in an extremely criti...
-
Pada jumaat pagi tue,kami berlima bertolak dr Alor Setar terus ke Pulau Pinang....Sambung percutian ke sana plak....hahahahahaha:) Minggu tu...
-
dear my blog, today i had through a long long tired journey, what a hectic day! i lost my mind, examination is just around at the corner, an...
-
Hari Isninku yg sgt2 ........ (isilah tempat kosong okeh) .... Hari Isnin aku kali nie kena mengadap Hospital Besar Sultanah Bahiyah,Alor S...
-
Pejam celik pejam celik aq dah habis harungi 3 taun kt PSIS(Politeknik Sultan Idris Shah) tempat yang mana aq belajar mcm2 perkara.. dapat k...
-
Assalamualaikum & Aloha!! Malam nie Aliaa nak bercerita tentang nikmatnya bersama bidadari syurga , bidadari syurga adalah ciptaan Allah...
-
Di hari Ahad yg indah lagi makmur ni, aliaa tgh mengumpul balik pic2 lama,then ternampak pic nie,rasa cm menarik plak nk letak kat blog,meng...
Guess What?
Well on Tuesday morning which is about 6:38 am..
I saw this remarkable light, I don;t know what it is but it flashes before my eyes!!
i think it was a UFO..well i don't know
this Unidentified Thing (UT) which is the size of the brightest star in the sky
went passed me at the sky
and then it dissappeared
i didn't see the UT clearly because its far away...
when I saw that thing I just pray to God to know what that thing is..
the UT didn't fly straight but its going zigzag and then it just dissapeared under the cloud..
Next morning, i tried to look up in the sky if i can see it one more time..
but i didn't show up..
so I think it was probably a falling star, but that remarkable seeing makes me believe there is another life out there somewhere..
Well i don't what to say really it just amazing to see that UT..
i hope i can just see it one more time
well thats a chance of a lifetime you know, to see that thing!!
I saw this remarkable light, I don;t know what it is but it flashes before my eyes!!
i think it was a UFO..well i don't know
this Unidentified Thing (UT) which is the size of the brightest star in the sky
went passed me at the sky
and then it dissappeared
i didn't see the UT clearly because its far away...
when I saw that thing I just pray to God to know what that thing is..
the UT didn't fly straight but its going zigzag and then it just dissapeared under the cloud..
Next morning, i tried to look up in the sky if i can see it one more time..
but i didn't show up..
so I think it was probably a falling star, but that remarkable seeing makes me believe there is another life out there somewhere..
Well i don't what to say really it just amazing to see that UT..
i hope i can just see it one more time
well thats a chance of a lifetime you know, to see that thing!!
Emm..Whats going to be the title?
Hi to all the bloggers..
Its been a while since I updated this blog..
Well i've been pretty busy lately with application to University, Polytechnic, Teachers Academy and also Matriculation..
Thats a lot I must say!
Its not bad isn't it when you got pretty good result in your SPM..
i got just 4A for my SPM Eamination 2008..
Well nice to write it again, so I'll see you next time
I've got to go
Its been a while since I updated this blog..
Well i've been pretty busy lately with application to University, Polytechnic, Teachers Academy and also Matriculation..
Thats a lot I must say!
Its not bad isn't it when you got pretty good result in your SPM..
i got just 4A for my SPM Eamination 2008..
Well nice to write it again, so I'll see you next time
I've got to go
Subscribe to:
Comments (Atom)
Popular Posts
-
Assalamualaikum n Aloha!! Aliaa sangat suka baca cite ni,jadi Aliaa rase nak share dengan korang n korang pun perlu tau,especially bagi oran...
-
TAHU MAKAN JEEEEE....ADAKAH IA HALALLLLL ? erkk...assalamualaikumm..seperti kamu semua sedia maklum bahawa ezza adalah spesis makhluk yang s...
-
this thing actually happened probably since ; last 2 months ago, when my friends in myspace told me that theres a faked profile were made us...
-
Princess UK, Princess United State Of America, Princess United State Of America, Princess Car, Princess Cars, Princess USA, Princess USA ...
-
HOlla Bloggers... Hobi menjadi sesuatu yang selalu kita buat.. dan buat sebab kita suka.. one of my hobby is watching movie.. owh, i love to...
-
dear my blog, today i had through a long long tired journey, what a hectic day! i lost my mind, examination is just around at the corner, an...
-
Assalamualaikum semua para hadirin sekalian... salam peringatan dari saya berkenaan tasik galilee, sebuah tasik yang dikelilingi darat sed...
-
Sejak aku sakit 2-3 minggu nie,selera mkn aku nie berubah-ubah...Ada saja yg aku "TERINGIN" ,mengalahkan org mengandung plak....Wa...
-
Pejam celik pejam celik aq dah habis harungi 3 taun kt PSIS(Politeknik Sultan Idris Shah) tempat yang mana aq belajar mcm2 perkara.. dapat k...
-
Peringatan yer... (Entri kali nie panjang skit,bkn panjang apa,panjang ngn gambaq semedang...) HaHaHa... Keesokkan harinya,pagi2 lagi aku ...