India's Tata Motors, a Chinese owned Global Automobiles, and Nissan-Renault are working on plans to be able to offer new car models at $3,000 or less in order to attract a whole new strata of car buyers. $3,0001? That's pretty damned amazing really. Wonder if the cars will be made out of styrofoam. I've been using Hoodia to cut down on my food costs just so i could get a new car. $3000 means I can get 10.
According to Ashutosh Goel, an auto analyst with brokerage Edelweiss Capital, "Tata's small car is likely to be the first one to roll out. They have a firmed up model design and on-going plant construction." This model could be priced between 100,000 to 125,000 rupees ($2,457 to $3,017; USD equivalent). It would be manufactured in the communist-run state of West Bengal and be available for sale in 2008. Read more
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