Showing posts with label World Cheapest Car. Show all posts
Showing posts with label World Cheapest Car. Show all posts

Wednesday, March 24, 2010

Tata Nano becomes CarBQ in Mumbai

Tata Nano becomes CarBQ in Mumbai

Car fires are nothing new, but when it happens to the world's cheapest car on its way to its new home, the Tata Nano tends to lose its allure.

According to our friends at IndianAutosBlog, Satish Sawant, a Mumbai-based (irony alert) insurance agent, took delivery of his $2,500 hatchback, and while being chauffeured back to his house (Sawant doesn't have a license yet), a motorcyclist overtook him and pointed to the rear of his new baby. At which point, the driving duo noticed flames coming from the rear. Says Sawant, "I have no idea what happened... The engine was behind me and I did not realize the car was on fire."

This is apparently the second incident of a Nano catching fire, which, along with a recent spate of electrical issues, has some questioning the quality of the budget runabout. Naturally, today's lesson is: You get what you pay for.

[Source: IndianAutosBlog]

Monday, July 27, 2009

Many Tata Nanos to be used as taxi cabs?

Tata Nano

India currently has just under 1.2 billion residents. Moreover, its population is set to overtake China any monsoon now. As India's economy continues to grow (currently the world's 12th largest) all those people now have places to go. We've all seen crazy pictures of fantastically overloaded Indian trains and buses with people hanging out of windows, but not only is that very dangerous, if you have a business meeting the last thing you want to do is sit on a dirty old roof with three dozen of your closest friends. Indians need taxis. Trouble is, cabs (and cars in general) are expensive to buy and poverty is still rampant. Enter the Tata Nano.

That's right, the world's cheapest new car is being eyeballed and ordered by many Indian entrepreneurs looking to start their very own cab company. Yes, Nanos are small and would make very lousy cabs in NYC or London. But to a person that's never owned a car before, it's (sorta) Versailles on wheels. And as the Nano is a no-frills, few features product, there's very little to break, so what does get broke will be cheap and easy to fix. In the biz, that's called "win-win." Besides all that, we're thinking that hundreds of thousands of Nanos darting all over Mumbai would be cute. Sort of like Rome in the 1950s.

[Source: Autocar]

Tuesday, July 14, 2009

Tata Nano passes European crash testing

Tata Nano Europa

The Tata Nano, the diminutive Indian four-door econobox rumored to eventually arrive in U.S. showrooms, has reportedly passed current European impact testing. According to Autocar, the offset front and side impact tests took place at the MIRA test center last week under supervision by an inspector from Britain's Vehicle Certification Authority. A spokesperson for Tata said the company is "delighted but not surprised" with the results, as the car had already been tested in India.

Sold only in its homeland right now, Tata seems determined to expand its passenger vehicle business to Europe and North America. With that in mind, the automaker is working to upgrade the Nano to ensure the Lilliputian meets "Westernized" crash standards, including the European NCAP tests, and our own NHTSA requirements.

[Source: Autocar UK]

Wednesday, June 24, 2009

Tata selects first 100,000 Nano buyers from lotto

Tata Nano

Interest in the world's most affordable new car has been very strong, as Tata Motors reportedly received 206,000 applications for the $2,500 Nano. Due to production constraints, Tata ran a lottery to determine which of the applicants would receive one of the first 100,000 Nanos, and the Indian automaker is informing the "winners" in person.

The first 100,000 customers eligible to receive a Nano will get their car by the end of 2010, with deliveries beginning in July. The first allotment of 100,000 Nanos will be price protected to remain consistent with Tata's press release in March. Of the 106,000 Tata customers left out in the cold (for now) 51,000 chose not to keep their names in contention for future Nano lotteries. Those customers will be offered discounts on other Tata products.

The remaining 55,000 customers that are still in contention for future Nano lotteries are also being offered discounts. Since Tata collected a "booking fee" for the right to enter the lottery, that money will collect 8.5% interest if the Nano is delivered withing two years, and 8.75% if it takes longer than two years.

[Source: Telegraph India]

Sunday, June 7, 2009

Tata confirms Nano U.S.-bound in around two years

Tato Nano Europa

Americans may have the opportunity to welcome the Tata Nano to their shores in just over two years, according to a confirmation from David Good, a U.S. rep for the Indian automaker. Before it arrives, Tata assures that the ultra-cheap compact with a base price of just $2500 will be configured to meet all emission and crash standards. If successful, we could see see versions of the Indian microcars running on biofuel and diesel.

But who will distribute the teensy Tatas? Well, that's up in the air right now. A brand-new dealer network for the brand has been discussed. Another option would be selling the Nano through Jaguar and Land Rover dealerships -- the Indian automaker owns both, after all. That long shot was quickly dismissed by Stuart Schorr, a spokesman for Jaguar Land Rover, before the repercussions could sink in.

[Source: Automotive News]

Tuesday, April 7, 2009

Tata says it sells over 51,000 Nano "booking forms" in five days

Tata Nano

Tata knew pent-up demand for its super-cheap Nano would be so high in advance of its official delivery date that the Indian automaker set up an unique pre-ordering system allowing potential customers to sign up with booking forms. After all these forms have been collected, a computer will randomly choose the first 100,000 people to take possession in July.

That process began just five days ago on April 1st, and Tata has already sold over 51,000 booking forms to its dealer network and individual customers, with another 30,000 or so being taken from a number of Tata partners. Each order form is being sold for 300 Rupees, which is about $6.00 in U.S. funds. Prices for individual Nanos are reportedly ranging from between 95,000 and 145,000 Rupees ($1,880 to $2,780), which officially makes this the World's Cheapest Car.

One thing seems sure: Tata is going to sell a ton of these cars. Whether or not that's a good thing depends on your particular viewpoint. It's almost a certainty that people will be safer in the four-wheeled enclosed Nano than on the little scooters and cycles they are currently riding, but a number of environmental groups have voiced concerns over the impact this many new cars will have on their surroundings. Regardless of how this ultimately plays out, this is only the beginning.

[Source: Economic Times]

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