Only 10 years ago, India's Tata Motors Ltd unveiled its first car, a hatchback, that established the truck maker's credentials as a car maker. Tomorrow, the $7.8 billion company unveils its boldest initiative yet, a car that will sell for just $2,500, less than half the cheapest car on the market. Dubbed the 'People's Car', it will determine Tata's place in the global automotive area. They might also export the car as it would sell well in Africa and South and Central America.
There are worries about whether at such low costs it can meet safety standards, whether its a ticking time bomb, whether it will add to the growing pollution rate in India and so on.. Well everything will have to be seen after the car's performance on the road.
In a way i do feel that's its good because now low income, middle income families can also strive to get a car for a family instead of being crammed onto a scooter with luggage and kids and all.(Ya sure the oil, gas, fuel prices are going rocket high, but that is not slowing down or stopping the Indians in buying cars and all that.)