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Investing in India: Tata takes charge
Tata Motors (TTM: NYSE) debuted its entry for the cheapest car in the world this week. The Nano, a two-seater that runs for an enviable 54 miles per gallon of gas, will cost Indian customers only INR 1 lakh (100,000 rupees or $2,556).
The car is stripped down to say the least. It doesn’t have airbags or air conditioning, and you can just imagine sitting in Mumbai traffic in the middle of summer without air conditioning. The car doesn’t have a radio or a passenger-side mirror. But it will get drivers where they want to go, even if they arrive sweat-drenched…
14Jan2008 | Stephanie Grimmett | 1 comment | Continued
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