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India-Pakistan
$2,200 car is already being tested
2007-02-16
NEW DELHI: The common manÂ’s aspiration of graduating from a two-wheeler to a four-wheeler seems to be turning into a reality with Tata Motors on Thursday saying that it was about to deliver on its promise to produce the car which will cost Rs 1 lakh.

The car is being tested, announced group chairman Ratan Tata in what can quell the lingering suspicion that the project was too ambitious to come true.

“Tata Motors has developed a car which we hope to launch in 2008. It is undergoing tooling at present... It is undergoing trials,’’ Ratan Tata said. In New Delhi to attend the Indo-Italian CEO Forums Meet, he was unambiguous that the car would cost, as promised, less than Rs 1 lakh — $2,200 or Rs 88,000 to be specific.

Tata Motors had announced a few years ago that it intends to launch a car which would be priced at Rs 1 lakh. Though the claim was initially greeted with scepticism, the group worked on the project even though it kept the details of the car under wraps.
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