The ambitious Rs.1 lakh car by Tata Motors would hopefully be launched between 2007 and 2008 even as the company said factors like inflation and cost of steel may make it difficult to maintain the price line.
"Tata Motors would go into tooling for the car, which would be launched in 2007-08," Tata Sons chairman Ratan Tata said on Tuesday.
Asked whether the company would be able to keep to the price announced, Tata said that hopefully, the car would be launched at the same price.
He, however, said that it could be difficult to hold the price in many ways like inflation at that time, value of the Rupee, and cost of steel and other factors.
Asked to comment on scepticism by other manufacturers, particularly relating to safety features of the Rs.1 lakh car, Tata retorted: "They were also sceptical about Indica".
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2 comments:
Could u do a report on Mercs?
...Xander
My servant has taken my Merc out for shopping... will do a review as soon as it is back :=)
On a serious note, lmc...
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