Mr. Ratan Tata unveiled Rs 1 lakh car, 'Nano' at the 9th Auto Expo Show in Delhi. With this a new segment is created in the auto industry. Tata Motors now offer from trains to trucks to even the most affordable car of the world!
"That's what drove me -- a man on a two-wheeler with a child standing in front, his wife sitting behind, add to that the wet roads - a family in potential danger," Mr. Tata wrote on the company website.
''Since, promise is a promise the standard dealer version will cost Rs 1 lakh,'' said Tata Sons Chairman Ratan Tata. He also said that that the car is eight per cent smaller bumper to bumper, than the Maruti 800 but at the same time 21 per cent larger in its interiors and can sit up to four people. Talking about the safety of the car, Tata said, ‘‘the car has passed the full-frontal crash and the side impact crash''.
The car will be available in many variants, which will include one standard version and two deluxe versions with AC.
Small Wonders - features:
* 624 cc engine
* Mileage of 20 kilometers per liter
* Passed full frontal crash test, the offset and side-crash test
* Legroom is expected to be 21 pc more than Maruti 800.
* The car meets the Bharat 3 (Euro 4) emission standards.
* The car that will come in two variants - AC and non-AC
* Will comes a dealer price of Rs one lakh plus VAT and transport charges.
* Commercial launch in mid 2008-09
BOSCH - Alternator; Brakes; Fuel injection system; Ignition system. LUMAX AUTOMOTIVE - Headlamps. RICO AUTO - Engine blocks. NK MINDA - Switches; horns. SONA GROUP - Steering columns. GABRIEL - Suspensions. KINETIC ENGINEERING - Gears. FEDERAL-MOGUL GOETZEE - Engine pistons. JK TYRES - 12-inch tyres.
What is missing in the car apart from a reasonable luggage space is power steering. The car also said to have one wiper instead of the customary two.
Tata Motors has gone all out to make sure Ratan Tata's plan of a rupees one lakh car is fulfilled.
Surely, owning a four wheeler has now become affordable in India.