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|27th November 2009, 09:59||#213|
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Here comes the hot news...
EcoCa set to challenge Tata Nano as the cheapest car - Economic Times
A little-known company in London is set to challenge Tata Nano as the cheapest car by rolling out a 340 cc two-seater petrol car for as little as $2,200 (Rs 1 lakh)
that it says will still ensure healthy profit margins for the makers. EcoCa, a small engineering and design company, is now scouting for a joint-venture partner in India to build the car with the same name.
“We have identified India as a lucrative market to achieve our price target of $2,200 which will also help us earn healthy profit margins,” Karman M Naghdi, MD of EcoCa Ltd, told ET.
Karman M Naghdi said, “We have identified India as a lucrative market to achieve our price target of $2200 which will also help us earn healthy profit margins. Some Indian carmakers have also evinced keen interest to evaluate the prototype of our cars for performance, fuel efficiencyand safety standards.”
While Mr Naghdi refused to disclose the name of any company EcoCa is in talks with, an auto industry executive familiar with the development said Mahindra & Mahindra could be one of the companies.
A top M&M official, however, refused to confirm any such development. “We keep getting such proposals for technology and product development which we routinely evaluate,” he said, requesting anonymity.
|16th January 2010, 04:35||#214|
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Source - Vicki Treadell buys Tata Nano on Flickr - Photo Sharing!
British Deputy High Commissioner, Vicki Treadell bought a Tata Nano with a decal of UK flag on top. Ratan Tata, Chairman, Tata Group, presented the keys to her, Tuesday, 10 November 2009 at the Tata Motors showroom in Mumbai. Tata Nano is the world's cheapest car.
|28th May 2010, 00:32||#215|
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June 2: Nano to roll out of Sanand plant
The Sanand plant of Tata Motors, where the world’s cheapest car, Nano, is to be manufactured, will be formally inaugurated on June 2. Tata Group chairman Ratan Tata and Gujarat chief minister Narendra Modi will attend the inauguration.
DNA had recently reported that the plant was ready for commercial production and was likely to be formally launched soon. A source having close contacts in Tata Motors confirmed on Tuesday that the plant will be inauguratedon June 2.
“Ratan Tata will be present at the inauguration on June 2,” the source said, adding that the plant will be inaugurated by chief minister Narendra Modi.
According to officials, the Sanand plant will have an initial production capacity of 2.50 lakh Nano cars a year, which will be gradually increased to 5 lakh cars a year.
Tata Motors has invested around Rs2,000 crore for the Sanand plant which is spread over 1,100 hectare.
Trial production of the Nano at the plant started in January this year.
The plant was scheduled to begin commercial production in the first quarter of 2010 but that had to be rescheduled, said sources.
Tata Motors had originally planned to set up the Nano plant at Singur in West Bengal. The project, however, was shifted to Sanand in the wake of stiff opposition from farmers in Singur. An agreement for setting up the car plant in Sanand was signed between Tata Motors and the Gujarat government on October 7, 2008.
The Sanand plant, vendor facilities and service providers are together expected to provide employment to around 10,000 people.
Source :: June 2: Nano to roll out of Sanand plant
Good news! This should free up the supply constraint for Nanos. What will be the Nano sales figures after that? 10,000+ per month could be very much possible, considering they have a capacity of 2.5L pa, maybe 20k, who knows!
|29th May 2010, 04:11||#216|
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Wow!!, good to hear we'll get to see more nano's on the road soon and finally the critics can be put to silence. somehow the nano reminds me of the old mini, like an indian version of Mr. Bean would drive the nano. My favorite car. I wonder if you could fit nice big tyres and rims on it like you can do on the Smart.
|28th September 2010, 19:21||#217|
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Note by Moderator: Thread closed. Please continue the Nano discussion in this thread (Test-Driven : Tata Nano!). Thanks
Last edited by FlyingSpur : 4th November 2010 at 09:17. Reason: Fixed the broken link.
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