Rs 1-lakh Nano unveiled

Ratan Tata on Thursday finally unveiled his dream car to the world.

Driving onto the podium in a gleam ing Tata Nano at the ninth Auto Expo, the Tata group chairman silenced sceptics with a Rs 1-lakh car featuring rear-wheel drive and powered by a 623cc, 33 bhp multi-point fuel injection petrol engine.

"Despite a steep rise in input costs since the product was conceptualised four years back, we will introduce the car at Rs 1 lakh because a promise is a promise," Tata said.

The Nano, which will be rolled out from the company's upcoming plant at Singur in West Bengal by the second half of this fiscal, will be available in three variants: a standard and two deluxe models.

While the no-frills standard model will be available at a dealer price of Rs 1 lakh (excluding Vat and transportation), the deluxe models with additional features like air conditioning would carry a higher sticker price.

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Image and Article source: Financial Express
Article taken from the issue: 10 Jan 2008