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Protest at Tata Plant Evidence of Indian Identity Crisis
At a price of just $2,500 each, Tata Motors Ltd.’s (TTM) Nano was billed early in its development as the world’s cheapest automobile and the only car that was both affordable and practical enough for India’s quickly burgeoning middle class. But the car that was emerging as a bright symbol of middle-class opportunity in fast-growing India could now epitomize something much darker: The human cost of rapid industrialization.
Company officials this week disclosed that the Nano might not debut next month as originally planned, because violent protests have erupted at the automobile’s main production site.
It’s a conflict that pits traditional Indian values against…
5Sep2008 | Money Morning | 1 comment | Continued
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