The Rs 1-lakh wonder Nano will soon enter the elite league thanks to auto design firm DC, which on Wednesday said it will unveil redesigned version of the world's cheapest car within the next two months with premium price tag of Rs 1 crore (Rs 10 million).
President A P J Abdul Kalam has favoured India and IBM jointly developing and marketing nano computers.
Tata Motors on Wednesday inaugurated the world's cheapest car, the Nano's, manufacturing facility here, nearly two years after it was forced to shift the plant out of West Bengal over a land row.
While researchers worldwide are trying to develop newer and better methods for producing CNTs, the age-old practice of making kaajal is the simplest and the cheapest way of making them, the IIT scientists say.
Prime Minister Narendra Modi on Wednesday inaugurated Abu Dhabi's first Hindu stone temple amid devotional chants and in the presence of spiritual leaders of the Swaminarayan sect.
There have been reports of fire breaking out in Nano near the steering column of the car from three different places -- Ahmedabad, Lucknow and Delhi.
It was late last year when Tata Motors announced that it would set up the first plant for producing the Rs 1-lakh car at Gujarat's Sanand rather than Karnataka's Dharwad, among other places.
Tata Motors, India's largest auto maker, will introduce its small car Nano--considered the world's cheapest--in Nigeria within next 18 months, ahead of its planned launch in Europe.
We call it Nano, they don't have to, says vice-chairman Ravi Kant
A car that only costs Rs 25,000 to produce and also doubles up as a two-wheeler.
Second hand demand entirely for the top-end LX variant
When minister of state for industries Saurabh Patel announced on Monday the new industrial policy in a press conference, there were a flurry of questions pertaining to the incentives given to the Tata's car project, which was relocated from Singur in West Bengal to Sanand near Ahmedabad.
The demand from second-time car buyers outstrips the demand from those seeking to upgrade themselves from two-wheelers. Tata Motors' city dealers say about 60 per cent of all Nano buyers are those who already own a car and the rest 40 per cent are those who either own a two-wheeler or have never owned a vehicle earlier.
Within days of exiting from West Bengal, Tatas have decided to relocate their Rs 1 lakh-Nano car project in Gujarat, after scouting many sites including that Karnataka and Andhra Pradesh.
Allegedly owned by CPI(M) promoters, it is not cultivated, says Trinamool leader. Rally turnout lower than expected.
Terming Tata Motors Nano project as "very important for Bengal and industrialisation", CPI-M Politburo member Sitaram Yechuri was on Thursday hopeful that talks between the West Bengal government and Trinamool Congress on the issue would lead to a solution.
"The amount payable to the company at the time of booking is Rs 95,000, and the bank would lend this money to the applicant at a less than 10 per cent interest," said S K Goel, chairman and managing director of UCO Bank. He said the scheme offered by UCO was different from that of the State Bank of India, in the sense that UCO would lend any amount less than Rs 95,000 to the customer depending on their need.
The supply of Tata Motors' much-awaited small car, the Nano, is going to be well below the demand for quite some months.
Prices of second-hand cars, mainly compact ones, have fallen 15-20% in the last few days. Dealers in the unorganised market fear a further price dip of 10 per cent when delivery starts and the Nano is seen prominently on roads. The Nano, expected to sport an on-road price of Rs 1.25-1.3 lakh for the no-frills, base version, will compete with the compact cars of Hyundai Motors, Maruti Suzuki, Tata Motors and General Motors.
"This is for the first time that a manufacturer will charge for an application form. However, it will be refunded if an application is rejected," said a senior bank executive. Bookings are expected to start by the last week of March. The forms will be collected through various channels. "All the forms and the collected money will be transferred to SBI, where they will be processed, and loans will be given through various banks within 90 days," said a source.
The local people of Singur in West Bengal have assured Indian automobile major Tata Motors of full cooperation for setting up a plant, prompting the industrial giant to consider meeting the representatives in this regard.
Majority of the revenue for the Indian IT industry continues to come from low value addition jobs like manpower provisioning and low-end support services, Modi said in Bangalore at the ICT event Bangalore IT.biz. Modi stressed that the IT industry has to reinvent itself, must focus on innovations, and on systems rather than being comfortable with services.
Its wholesale numbers may be on the decline, but Tata's small car Nano is picking up in sales at retail level as dealers at different parts of the country cash in on the reduced down payment scheme introduced by the company ahead of the festival season.
Too much symbolism and emotion is invested in making cars for the masses.
Tata Motors is the only Indian company, across all sections, to have won the award.
Tata Motors already has Nano Europa, a slightly jazzed-up version of the plain vanilla Nano. Nano Europa could make its debut into the European market in 2011 at about $8,000. Reports say that the US version is likely to be similarly priced.
If Tata pulls out now, it will be a huge blow to the state, and will be expensive for Tata too, as the company has irretrievable sunk cost in Singur of between Rs 350 crore (Rs 3.5 billion) and Rs 500 crore (Rs 5 billion). Among the will be Mamata Banerjee, who will find it hard to live down the ignominy of having deprived her state of a project that has made news the world over.
Describing Narendra Modi as 'propaganda-hungry', Gujarat Parivartan Party President Keshubhai Patel on Monday alleged that the chief minister observed 'Sadabhavna' fasts across the state and also wooed the Tatas to set up Nano project in Gujarat only to boost his image.
The industry minister said the small car project could not come up if 400 acre was returned as demanded by Trinamool Congress chief Mamata Banerjee. Nirupam Sen, who had discussed the Singur project with Tata in Kolkata on Thursday night, said that the state government wanted to work out a solution and was was open for talks to find out an acceptable solution.
The designer Nano will hit the streets soon. The world's cheapest car has generated interest of designers like Dilip Chhabria and former Maruti Suzuki India chief Jagdish Khattar, both of whom are working on a re-designed avatar of the car.
Known to be the world's least expensive car, Nano is expected to redefine personal transportation in modern India. Customers can expect to own a car coming at a price between Rs 1.20 lakh (Rs 120,000) and Rs 1.30 lakh (Rs 130,000), depending on the version.
Kolkata-based Tara International has teamed up with China's Aucma, a leading player in the electrical vehicles and appliances segment, to manufacture this car.
Briefing the media after a three-hour tour at the project site, Ravi Kant said the trial production would commence in June-July and after a month or two, regular production would begin. "Commercial production, that is the real thing, will start in October, around the Durga Puja time," he said.
TT electronics Plc said on Tuesday it has secured a contract to supply speed sensors for the Indian conglomerate Tata's Rs 100,000 car, Tata Nano, which is expected to be launched later this year. However, the financial details of the contract were not revealed.
Banks make criteria tougher for funding the car. Tata Motors Chairman Ratan Tata's dream to help the common man own a four-wheeler may meet its bete noire in bankers as ICICI Bank, HDFC Bank and rival lenders realign rules to finance the Nano, touted to be the world's cheapest car.
He added that Suzuki could not build a car for the same price as the Nano without sacrificing quality and standards.
Modi launched a scathing attack on the Congress alleging that the opposition party has become outdated and has always been against any kind of reservation.
Kolkata-based Tara International has teamed up with China's Aucma, a leading player in the electrical vehicles and appliances segment, to manufacture this car.
The reasons why American journalism is against the Tata Nano are obvious. The Nano was 'not invented here (in the United States).'
The much hyped 'world's cheapest' car Nano has failed to live up to the expectations as it witnessed a massive decline in sales to 509 units in November this year compared to 3,065 units sold in the previous month.
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