Indian Tata Motors Debut Cheapest Car In The World
Next week the cheapest car in the world will debut in India. The price of the car will be less than $2,600, and 72 year-old developer Ratan Tata, chairman of the company manufacturing the vehicle, is aiming the car at the Indian middle class.
As the price of the car is only a little bit higher than the most popular of motorcycles driven in India, Tata hopes that people will prefer his offering instead. The vehicle will be produced in a new factory able to produce 250 thousands car per-year and Tata hopes that around one million will be sold.
Delhibelli mentions that this could contribute significantly to Indian economic growth. On the other hand, cheap cars are not renowned for their quality, and there might even be some environmental and pollution concerns.
When Suzuki first brought the Maruti 800 (currently the world’s cheapest car at about $5,000) to India in 1983, it completely transformed the domestic component business, laying the foundation for India’s current emergence as an auto-parts hub. Suzuki’s Indian factories have always built for the domestic market, but recently it announced it will sell an Indian-made hatchback in Europe next year. Others have also set up production in India, attracted by its large domestic market and growing components expertise.
Photo: © vm2827
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