well..well...well!!
there goes the neighbourhood....
....india now has a car with ex-showroom price of 1 Lakh. Now thats some Nano technology.
Ratan Tata drove this baby in front of a packed media crowd at Auto Expo in New Delhi. An emotional Ratan Tata drove the car to the podium and said, “This is what I have for you. A promise is a promise, it will cost Rs 1 lakh ex-showroom.”
3 variants: 1 base model which actually costs 1 Lakh and 2 Deluxe models.
three-cylinder 624-800 cc petrol engine with 33 bhp of power.
30-litre fuel tank and four-speed manual gearshift.
air conditioning, but no power steering.
front disk and rear drum brakes.
The company claims mileage of 22 kmpl in city and 26 kmpl on highway.
Now this is supposed to really put some black clouds over new upcoming hatchbacks and small segment cars like Skoda's Fabia. Maruti already looks like surrendering, Huyundai is strangely silent and bajaj has already announced a similar concept car. Now thats quite a hussle!! Whats gonna happen to 2-wheeler market is hard to imagine going forward. What i can imagine is that every "second" car if there is any in any indian middle class home will be the Rs 1 Lakh Car. There will always be a doubt in anyone's mind whos planning to buy a two wheeler or a 150-200 CC segment bike, whether to buy the bike or go for the lakhtakiya.
Image Courtesy: http://www.zeenews.com, http://www.rediff.com
there goes the neighbourhood....
....india now has a car with ex-showroom price of 1 Lakh. Now thats some Nano technology.
Ratan Tata drove this baby in front of a packed media crowd at Auto Expo in New Delhi. An emotional Ratan Tata drove the car to the podium and said, “This is what I have for you. A promise is a promise, it will cost Rs 1 lakh ex-showroom.”
3 variants: 1 base model which actually costs 1 Lakh and 2 Deluxe models.
three-cylinder 624-800 cc petrol engine with 33 bhp of power.
30-litre fuel tank and four-speed manual gearshift.
air conditioning, but no power steering.
front disk and rear drum brakes.
The company claims mileage of 22 kmpl in city and 26 kmpl on highway.
Now this is supposed to really put some black clouds over new upcoming hatchbacks and small segment cars like Skoda's Fabia. Maruti already looks like surrendering, Huyundai is strangely silent and bajaj has already announced a similar concept car. Now thats quite a hussle!! Whats gonna happen to 2-wheeler market is hard to imagine going forward. What i can imagine is that every "second" car if there is any in any indian middle class home will be the Rs 1 Lakh Car. There will always be a doubt in anyone's mind whos planning to buy a two wheeler or a 150-200 CC segment bike, whether to buy the bike or go for the lakhtakiya.
Image Courtesy: http://www.zeenews.com, http://www.rediff.com
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