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Thursday, January 10, 2008

Tata unveils Rs-1 lakh People's Car 'Nano'

FRESH NEWS

The secret is out. As Ratan Tata drove in in what is perhaps the most-hyped four-wheeler of the year, excitement was palpable at the Auto Expo show in New Delhi. Christened Nano, and famously priced at Rs 1 lakh (about $2700), the car was unveiled on Wednesdayto a thunderous applause.

However, not all seemed as excited over the launch. "If everyone buys the small car, where will they keep it. Where will they drive it?” Maharashtra Home Minister R R Patil quipped.

Allaying fears of environmentalists, Tata said the 624 cc, 33 HP petrol engine meets Bharat Stage-III emission norms and can also meet the Euro 4 norms.

Nano will also have a 30-litre fuel tank and four-speed manual gearshift. The car will come with air conditioning, but will have no power steering.

The car comes with front disk and rear drum brakes. The company claims mileage of 20 kmpl in city and 26 kmpl on highway.

The base model of Nano is expected to cost Rs 1 Lakh excluding levies.

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