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Rs 1-lakh car under development: Tata

January 15, 2004 13:45 IST

Undeterred by the scepticism from auto majors, Tata Motors on Thursday said work was underway to develop a very low-priced, entry-level car.

"The Rs 1-lakh car is under development," Tata Sons Chairman Ratan Tata said.

The statement came after Deputy Prime Minister L K Advani urged the Indian automobile industry to come up with low-budget car costing around Rs 1 lakh, while inaugurating the Auto Expo in New Delhi.

Pointing out that automotive products were still far too expensive for most of our rural population, Advani said: "The challenge before you therefore is to bring down the cost of the vehicle and make them more affordable."

Suzuki Chairman S Nakanishi had doubted the idea to make an entry-level car with Rs one lakh price did not seem feasible, but MUL would meet any challenge posed by the Tata company at the entry-level car.

Earlier Tata Motors vice president (commercial) Rajiv Dube had remarked: "All the best to Maruti," when asked about Maruti's assertion that it would meet the challenge of Tata Motors to develop Rs 1-lakh car.

The project is on and it may take up to 3 to 5 years for the development of the car, company officials had said earlier.

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Number of User Comments: 8

Sub: Comments

Hi Its highly appreciated if we can really develop Rs 1 lakh car in india. This car would definitely wins the heart of middle class ...

Posted by Lokesh MV

Sub: rs 1 lakh car dealerships

when is your car being realesed,how much it will cost, what about the dealer ships

Posted by hafiz

Sub: Rs. 1 Lakh car

I have been listening about your Rs.1 lakh car from last one year.But when will you release? I am eagerly waiting for this.I think this ...

Posted by rajmoni Hazarika

Sub: very happy to hear about the cheapest car!

To TATA Group Engineers ! Hands up to all the team of TATA Group Engineers who are coming up with cheapest car with all the ...

Posted by santoshsamudrala

Sub: What about infrastructure

Yes we do understand that every person deserves a car. Rich countries like Japan allow a person to purchase a car only if he or ...

Posted by A P Thomas


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