Bally Chohan Market watch
Long awaited world Cheapest car Tata motors cars that was said by “Lakhtakia” (Before formally announcement) launched on 10-jan-2008. Tata announced in Auto Expo -2008 that was held in “Pragati Madan” New delhi. Tata told that they had kept its promise as usual that they had given 5 years ago. Although market had changed dramatically and the cost of other thing as compared rise up drastically. Tata Motors ltd claimed that its be cheapest car in the world and its cost be 1,00,000 rupees (INR Indian currency ) or even $2,500 .
Tata motors chief announced Its name “Nano” in Auto Expo 2008 and take first test ride and make a new history in the auto world specially for India its be a matter of proud . For the world where new costly and luxuries cars come into market. Tata make a new image in the world history forever .
Nano is basically 4-Seater car which have 625 CC engine and will be available for sale later this year. 1,00,000 is basically its dealer price and the cost and margins would be raise its price for customer. Its cost be half of the existing cheapest car a 25-year old model from rival Maruti Suzuki. The compact but curvy Nano stands in sharp contrast to the luxury Jaguar and Land Rover brands that Tata is negotiating to acquire from Ford Motor Co.( Reuters Source ).
Ratan Tata proudly announced in the pavilion which was full of people that "Let me assure you and our critics the car we have designed will meet all safety norms and all foreign environmental criteria," Chairman Ratan Tata said as he proudly unveiled what had been dubbed the "People's Car" at the Auto Expo in New Delhi. During launching Tata takes its first ride and feel good and after that Ratan Tata told that he had made a promise 5 year ago that he would made a car that would be made only for Indian people and its price be challenge that no one can catch it. He told that Nano be affordable alternative for those families who living its life with motorbikes and scooters .
The media told its be “people car” or “lakhtakia “ since a long time and its be revolution . Already Germany's Volkswagen, leading Indian motorbike maker Bajaj Auto and France's Renault and Ford among others have said they planning or mulling new cheap cars for India where small autos comprise two-thirds of annual passenger vehicle sales of one million in the country of 1.1 billion. Moreover best of luck Tata Motors for making such dream true .