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01.12.08 (6:10 am)   [edit]

According to statistics available with the traffic department, vehicular population in Bangalore has increased by 280 per cent over the last one year: of these, almost 70 per cent of the vehicles were two-wheelers.

With the launch of the Rs 1-lakh car, several persons who have been riding two-wheelers are now contemplating the purchase of this car as it is quite affordable.

The Tata Rs 1-lakh car "Nano" is here! Tata Group chairman Ratan Tata on Thursday unveiled the Tata Nano at the 9th Auto Expo in New Delhi.


The car, Tata said, is smaller than a Maruti, but has 21 per cent more volume or space inside than the 800. He said that the dealer price of the car will be Rs 1 lakh, plus value-added tax (VAT) plus transport charges.




TATA Nano, the world's cheapest car, costs almost half of the cheapest car currently available anywhere in the world.



TATA Nano latest pictures:



The TATA Nano is expected to be commerically launched in the second half of 2008. News reports say that Tata Motors hopes to sell 500,000 units of the car, almost four times the number of Indicas it sells. Tata plans to focus on a market segment hitherto untapped