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Wednesday, 10 August 2011

Ultra low-cost cars to wait as Tata, Hyundai, Maruti, Ford, GM focus on small car segment

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MUMBAI/DELHI: The Tatas swear by it, the Detroit giants have for now given up on it, and the top 2 in the Indian car bazaar see a future beyond it. Don't look now, but blueprints for an ultra low-cost car (ULCC) under Rs 2 lakh - championed by the Tatas with the much-touted Nano - are under various stages of modification at the research centres of various manufacturers.

 Even as it attempts to push up sales of the Nano, Tata Motors is working on Plan B: it is close to showcasing a car positioned a step above the Nano and below compact bestseller, the Indica. No 2 in India Hyundai is working on a model that will be priced below its cheapest car in the country, the Santro, but above the Nano. Vcommindia News

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