This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7180396.stm
The article has changed 15 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
Tata Motors unveils bargain car | Tata Motors unveils bargain car |
(10 minutes later) | |
Tata Motors has unveiled the world's cheapest motor car at India's biggest car show in the capital Delhi. | Tata Motors has unveiled the world's cheapest motor car at India's biggest car show in the capital Delhi. |
The vehicle, called the Tata Nano, will sell for 100,000 rupees or $2,500 (£1,277) and enable those in developing countries to move to four wheels. | The vehicle, called the Tata Nano, will sell for 100,000 rupees or $2,500 (£1,277) and enable those in developing countries to move to four wheels. |
The four-door five-seater car, which goes on sale later this year, has a 33bhp, 624cc, engine at the rear. | The four-door five-seater car, which goes on sale later this year, has a 33bhp, 624cc, engine at the rear. |
It has no air conditioning, no electric windows and no power steering, but two deluxe models will be on offer. | It has no air conditioning, no electric windows and no power steering, but two deluxe models will be on offer. |
Its release comes as India's domestic car market is predicted to soar in the coming years on the back of the country's fast-growing economy and increased consumer wealth. | Its release comes as India's domestic car market is predicted to soar in the coming years on the back of the country's fast-growing economy and increased consumer wealth. |
'People's car' | 'People's car' |
Indian car sales are predicted to more than quadruple to $145bn by 2016. | Indian car sales are predicted to more than quadruple to $145bn by 2016. |
Company chairman Ratan Tata said the launch of the Nano was a landmark in the history of transportation. | Company chairman Ratan Tata said the launch of the Nano was a landmark in the history of transportation. |
He said the car was "a safe, affordable and all weather transport - a people's car, designed to meet all safety standards and emissions laws and accessible to all". | He said the car was "a safe, affordable and all weather transport - a people's car, designed to meet all safety standards and emissions laws and accessible to all". |
Environmental critics have said that the car will lead to mounting air and pollution problems on India's already clogged roads. | Environmental critics have said that the car will lead to mounting air and pollution problems on India's already clogged roads. |
But Tata said the car had passed emission standards and would average about 50 miles to the gallon, or 20 kilometres to the litre. | But Tata said the car had passed emission standards and would average about 50 miles to the gallon, or 20 kilometres to the litre. |
The firm also said it would introduce a diesel version of the Nano at a later date. |