Word: nanos
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Strong initial orders for Tata Motors' new ultra-cheap car, the Nano, have boosted the struggling Indian carmaker's finances while prompting competitors to launch their own low-cost models. (Read "The World's Cheapest Car Debuts in India...
...weeks after the $2,000 Nano formally debuted in Mumbai, Tata Motors announced this week that it had taken pre-paid orders for 203,000 vehicles during a special 16-day booking period that ended April 25. Dilip Chenoy, director general of the Society of Indian Automobile Manufacturers (SIAM), says the Nano is the first car in India to log more than 200,000 orders at launch. In comparison, the tiny Suzuki Alto, one of the Japanese carmaker's best-selling Indian offerings, has sold 913,000 units in the domestic market since 2000. (See the 10 things you should...
...northern India, "while livestock plays a crucial role in the economy, global warming is becoming a huge worry. We're trying to find indigenous solutions, because our realities are very different from the West." (See 10 things you should know about the world's cheapest car, India's Nano...
...India THE PEOPLE'S CAR Tata Motors, India's largest automaker, unveiled the $2,000 Nano, the world's cheapest car, on March 23. The 33-h.p. (25 kw) Nano aims to make automotive transportation affordable in a country where a car is beyond most people's budgets. While environmentalists worry about the impact of millions of new cars on Indian roads, Tata argues Nanos could actually clear the air by replacing exhaust-belching motorbikes. The car is expected to hit Indian streets by July...
...likely to be falling even faster than it is in the U.S. The outsourcing business in India has been hit with a sharp drop in demand, and the major Indian employers in the sector are doing poorly. (See pictures of ten things you should know about the Nano...