India's Tata Motors on Thursday unveiled its much anticipated Rs. 100,000 ( US$2,500) car, an ultracheap price tag that suddenly brings car ownership into the reach of tens of millions of people across the world. While the price has created a buzz, critics say the vehicle, called the Tata Nano, will lead to possibly.
While critics had been skeptical throughout about the car meeting safety and emission norms, coming as it is at that price, Mr Tata said he was happy to announce that Nano meets all norms, as would a modern car....Dispelling myths that the car was not safe enough Tata said, 'The car has passed the full-frontal crash and the side impact crash''. He also side stepped emission concerns and said the car will meet Euro IV norms
The car is eight per cent shorter than Maruti 800 on bumper-to-bumper length, but is 21 per cent more spacious, claimed Mr Tata.
The Nano is spare, with many features shaved off: there's no radio, no air conditioning, no passenger-side mirror, and only one windshield wiper.
The company has said they expect the car to revolutionize the auto industry, and analysts believe the Nano may force other auto manufacturers to lower their own pricing.
The TATA Nano will come in three variants -- standard and two deluxe models with AC. The standard car would be available for Rs 1 lakh (ex-showroom), while VAT and transportation costs are extra.