Tata Motors unveiled the Nano today – its highly anticipated 1 lakh Rs. ($2500 approx) car at the New Delhi Auto Show. The street price after taxes and destination fees will be about 1.2 lakh for the base model. Here are the specs: 30 HP, 624cc engine, Seats 5 (it seems). It has a 4 speed manual transmission and is completely barebones but at over 50mpg (20kmpl), it is fantastic with India’s high fuel prices. Tata also claims that the car meets or beats safety and environmental standards and is less polluting than two wheelers! If the Nano is a success, Suzuki will probably see a significant dent in its >50% market share in India. Their closest competitor the Suzuki 800 is twice the price of the Nano.
More info at Times of India
At the other end of the market, Tata is now the frontrunner for buying Jaguar and Land Rover from Ford. So Tata Motors has got you covered for everything from commercial trucks to the entire gamut of passenger cars and trucks. The stock fell 2.75% in the Indian market today amongst a broader 287 point decline in the market.