"After months of rumors and tantalizing leaks, Tata Motors has finally unveiled the Tata Nano, its already legendary $2,500 car that promises to change the face of not only the Indian car market, but the global auto industry. The tiny car is a four-door, five-seat hatch, powered by a 30 hp engine that gets 54 miles per gallon."
Soon our entire world will be driving clown cars...fashionable ones though. On a business note:
Auto ancillary stocks took a hit after the launch of Tata Motors’ Rs 1-lakh car Nano on Thursday. According to market participants, this would trigger a rate war among vehicle manufacturers. Analysts tracking the auto sector say vehicle manufacturers could exert pressure on auto component manufacturers to reduce prices to meet the competition from lower priced vehicles.
Soon our entire world will be driving clown cars...fashionable ones though. On a business note:Auto ancillary stocks took a hit after the launch of Tata Motors’ Rs 1-lakh car Nano on Thursday. According to market participants, this would trigger a rate war among vehicle manufacturers. Analysts tracking the auto sector say vehicle manufacturers could exert pressure on auto component manufacturers to reduce prices to meet the competition from lower priced vehicles.
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