’One lakh’ car to roll out from 3-4 places: Tata
Monday, July 10, 2006
Excerpt: Tata Group Chief Ratan Tata on Friday said the ambitious Rs 1 lakh car will be manufactured from three-four places, including West Bengal and Uttaranchal.
“It will be in West Bengal, it will be in Uttaranchal. It will be manufactured from three-four places,” Tata said here after meeting the Finance Minister.
He said, the launch of the car would create a new paradigm in low-cost personal transport, carve out a new market segment and reach a broader base of the pyramid.
“The styling and designing of the car have been completed and prototypes are being tested in the plant. It will be a rear engine, 4-5 seat, four-door car with about a 30 horsepower engine,” Tata said in the company’s annual report for 2005-06.