Sunday, January 13, 2008

The world's cheapest car

A promise is a promise," Chairman Ratan Tata said, as he announced a dealer price of 100,000 rupees ($2,500) as pledged five years ago, even though commodity prices have gone up and despite rivals' claims such a knock-down price was impossible.

For its supporters, it will revolutionise ownership in India, by allowing millions of the aspiring middle classes to own a car, and send a shock through the auto world with its cheaper engineering that will be copied across the globe.

For its detractors, it will provoke a nightmare on India's already clogged roads and worsen choking pollution levels.

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