Check out the Nikon D4 that costs almost Rs 3.5 lakh, which makes it more expensive than the original price of three Tata Nanos! Our question: Will YOU buy it?
Inaugurating the facility, spread over about 1,100 acres, Narendra Modi said it cost him Re 1 to have the plant in the state.
You only need to look at Tata partner Fiat's history for a remarkable parallel to the Nano.
The company had got 100,000 bookings in the first phase.
Alan Rosling, executive director, Tata Sons Limited, said on Monday in New York that it will be a sad day for the Tatas if the project to manufacture Nano, the company's Rs 1-lakh small car that has generated worldwide interest, cannot succeed in Singur, West Bengal.
India's High Commissioner to Canada, Sanjay Kumar Verma reiterated New Delhi's stand on the diplomatic standoff with Canada, and urged Ottawa to release evidence backing up its allegation regarding the killing of Khalistani terrorist Hardeep Singh Nijjar.
Higher price tag and soaring fuel costs have swayed buyers away from the ultra compact car over the months.
The land taken by Tata Motors at Singur for the erstwhile Nano car factory, and by the many companies who invested there to be vendors to the project, isn't set to change hands anytime soon.Tata and the vendors both say they plan to hold on to the lease titles, even as Trinamool Congress chief and Union railway minister Mamata Banerjee and the West Bengal government continue with their political posturing over a plan for a rail coach factory at the location.
Vyarawalla was upset to learn that the company has already delivered 16 cars in the city yesterday, beginning with customers in Mumbai, followed by Ahmedabad and Vadodara and her name did not figure in this list.
If all goes well, Ford India will park its second manufacturing unit right next to Tata Motors' Nano factory at Sanand.
Jamshedpur gave birth to Telco (now Tata Motors) which has just launched the low-cost Nano; Jamshedpur, according to the 35-year old Tata Housing Development Company managing director Brotin Banerjee, is what inspired Tata Housing to launch its Shubh Griha low-cost housing project in Mumbai.
Official sources said that top company officials recently met Uttarakhand Chief Minister BC Khanduri and demanded 35 acres of additional land for expanding the facility. Earlier, the company had sought 55 acres of land at Pantnagar for housing purpose. The government is yet to take a decision in this regard.
BMC authorities had sent notices to Tata Motors owner Ratan Tata and Parsi Gymkhana officer-bearer P C Cooper for putting up 14 unauthorised hoardings at the venue of the Nano launch. "They paid fine of Rs 112,986 today (Wednesday). The hoardings were removed immediately on Tuesday and a fine was imposed on both the parties under the Mumbai Municipal Corporation Act, for not taking prior permission," said Deputy Municipal Commissioner (Zone I) Kishore Kshirsagar.
Tata Motors has set up a separate team at its plant in Pune to examine ways to cut manufacturing costs on the Nano, the small car scheduled for an October launch, to bring the ex-showroom price down to the psychological Rs 1 lakh mark, managing director Ravi Kant said.
The company expects first-time buyers to account for over 80 per cent of the sales of the small car in the coming months.
''The meeting between the state government and the Tata Motors officials will be held on September 28,'' Chief Secretary Amit Kiran Deb told reporters at the state secretariat. The meeting will take place amidst speculation that Tata Motors is preparing to pull out from Singur due to continued agitation by Trinamool Congress-led opposition demanding return of 400 acres of land to 'unwilling' farmers.
Shares of Tata Motors, which surged over eight per cent in morning trade, shed gains to settle up three per cent on the Bombay Stock Exchange and National Stock Exchange as the company launched the world's cheapest car 'Nano'.
With Maruti deciding to phase out M800, there would be a dearth of entry level small cars in India.
Within 15 days of opening the registration process for Nano, its Rs 1 lakh car, Tata Motors has sold nearly 5,00,000 application forms, raking in Rs 15 crore (at Rs 300 each). Distributors associated with the Nano bookings said most of the forms were likely to translate into bookings.
Tata Nano will have to improve sales in order to get Gujarat government's support.
The cheap-car tag fades with every new variant, Tata Motors inches towards taking on other city cars.
SBI may charge 14 to 14.75% for 5-year loans.
From micro wind turbines to rice husk, low-cost solutions are being tested to drive the huge market hunger for energy.
The new plant at Sanand will be inaugurated by Gujarat Chief Minister Narendra Modi and Tata Group Chairman Ratan Tata, who seven years ago dreamt of making an affordable family car for the common man. Spread over an area of about 1,100 acres, the new facility has been created at the cost of approximately Rs 2,000 crore (Rs 20 billion).
Bosch Rexroth (India) Ltd, a subsidiary of German automation giant Bosch Group, a drive and control solutions for industrial applications, has bought private land near the Tata Nano site in Sanand recently with plans to set up its second manufacturing unit in the state.
In the biggest-ever replacement exercise in Indian automobile history, Tata Motors has asked an estimated 1.40 lakh (140,000) Nano owners to bring back their cars for change of the starter motor free-of-cost.
The company has been in discussions with vendors who are moving from Singur to Sanand to support them with mutually acceptable terms, which will be implemented.
Tata Motors' Nano, the small car seen as a symbol of India's expertise in frugal engineering, is likely to be launched on March 3. Billed as the world's cheapest, the small car's first recipients may be celebrities, including political leaders, social workers, sports stars and film stars.
Sources in the West Bengal government's finance department said the state had made budgetary provisions that would run into several hundred crores every year for 20 to 30 years to attract Tata Motors' Nano project to Singur.
After Rs 1-lakh people's car Nano, the Tatas have unveiled a low-cost realty project which offers a house for less than Rs 4 lakh.
After Rs 1-lakh people's car Nano, the Tatas on Wednesday unveiled a low-cost realty project which offers a house for less than Rs 4 lakh.Tata Housing, the real estate development arm of the Tatas, will build one-room-kitchen flats for just Rs 3.91 lakh in a township being developed at Boisar, 100 km from Mumbai.
Realty major Parsvnath Developers on Wednesday joined hands with Sabeer Bhatia, co-founder of Hotmail, to develop a 11,138 acres knowledge city near Chandigarh, where the company will initially invest Rs 400 crore (Rs 4 billion).
"The scene will be a bit like the Maruti 800 days. Those who are lucky enough to be allotted cars this year can resell it immediately at a premium of Rs 30,000 due to the anticipated shortage," an executive at a Motors dealer said. Supply, Tata Motors dealers say, would be between 40,000 and 50,000 cars, with 100,000 being the most optimistic estimate. This would mean customers may have to wait for up to two years to get delivery if all the bookings are accepted.
Though most people expected Tata Motors to select either Andhra Pradesh or Karnataka for its Nano project, it was clear that Gujarat Chief Minister Narendra Modi had done the impossible and coming from nowhere bagged the prestigious project.
Karnataka chief minister told reporters that Karnatala would be glad to have the Tatas in the state following a meeting with Tata Motors Managing Director G Ravikanth in Bangalore on Thursday. Tata Motors has a manufacturing facility at Dharwad in the north Karnataka region, where it produces buses and tractors.
Before Tatas decided to set up the small car plant in Gujarat there were reports that the corporate group may opt for Pantnagar in Uttrakhand -- where Tata Ace pick-up trucks are being manufactured -- to produce Nano. For the inflow of industries into the state, Khanduri credited the 10-year special package announced by then Prime Minister Atal Bihari Vajpayee in 2003.
Joining the list of nations that are keen to have the Nano ply on their roads, Cuba today said the world's cheapest car from the house of Tatas has huge potential in the Caribbean nation.
Despite what the Nano can do to the country's automobile market, its ability to transform Tata Motors' financials will be limited, says Shyamal Majumdar.
At last, rays of hope have started shining on Singur factory land, which has been lying unutilised since the Tatas decided to shift their Nano factory from there on October 3, 2008, following relentless opposition by Trinamool Congress and its allies against the company's alleged 'illegal' acquisition of farm lands.
India's most fuel efficient IC-engine car that gives 36 km/kg.
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