Nano – World’s cheapest car – costing just £1,200 – unveiled by Indian buyers of Jaguar . The price of the tiny Nano, made by the Indian conglomerate Tata, starts at just £1,250.
The base model has no air conditioning (other than the wind-down window variety) no power steering, no passenger-side mirror and only one windscreen wiper.
The Nano will be launched in India later in 2008. The car will be available in both standard and deluxe versions. Both versions will offer a wide range of body colours, and other accessories so that the car can be customised to an individual’s preferences.
Stylish, comfortable :
– Can comfortably seat four persons. Four doors with high seating position make ingress and egress easy.
Here is the Moneycontrol’s Best Mutual Funds to buy pick as on May/02/2008. Best Picks are based on the corpus of the scheme and relative performance of the scheme within its peer group.
Equity Diversified – 1 year(%)
Reliance RSF – Equity : 49.7
ICICI Pru Infrastructure (G) : 49.5
StanChart Premier Equity (G) : 49.1
DSP-ML India T.I.G.E.R -RP (G) : 28.1
Tata Infrastructure Fund (G) : 41.3
It seems Tata Nano is no longer going to be the the world’s cheapest car! .
Tara Tiny from the Tara International stable is going to be cheapest car which runs on electricity. These are zero emission and cost only Rs 99,000!, which is 1 rupee less than that of Tata Nano (not including levies or delivery charges).
Indian rating agency ICRA assigned highest credit quality rating (A1+) to Tata Motors Finance Ltd’s Rs 2,000 crore short term debt.
Earlier in this January ICRA had placed the company’s long-term and short-term ratings on negative watch.
Since Tata emerged as the preferred Jaguar and Land Rover acquisitions bidder, business and financial risk profile of the company is at high stake.
Indian automobile maker Tata Motors Ltd will move out its ultra-cheap Nano car on schedule by October, a top official said.
Managing Director Ravi Kant told media, “We are maintaining the schedule of car launch in the second half of next fiscal,”.
Tata Motors launched the world’s cheapest car ,$2,500 Nano,in January and said it would rool outlater in the year.
National Association of Software and Service Companies- NASSCOM named Ratan Tata as the Global Indian for 2008.
Global Indian award is given to a person who has had an impact on and contributed in some way to the growth of the Indian and global economy.
- Willie Walsh, CEO, British Airways, bagged the Business Transformation Award for 2008.