Tata's One lac rupee car!
Printed From: The Equity Desk
Category: Personal Finance & Lifestyle-Strategies & problems
Forum Name: Lifestyle and environment - One thing constant is change
Forum Discription: Narrate experiences, news, events that are changing our lifestyle, environment nature, attitude and behaviour. Suggest methods to cope up with this change.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=1524
Printed Date: 22/Apr/2025 at 10:47pm
Topic: Tata's One lac rupee car!
Posted By: tyler_durden
Subject: Tata's One lac rupee car!
Date Posted: 10/Jan/2008 at 1:14pm
TATA's 1 Lakh Rupee Car Tata Jeh Launching Jan 10 ,2008 Auto Expo 2008,Pragati Maidan,Newdelhi
------------- If you aren't fired with enthusiasm, you will be fired with enthusiasm. |
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Replies:
Posted By: tyler_durden
Date Posted: 10/Jan/2008 at 3:20pm
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http://specials.rediff.com/money/2008/jan/10slide1.htm - http://specials.rediff.com/money/2008/jan/10slide1.htm
good link to find more info and see the pics ------------- If you aren't fired with enthusiasm, you will be fired with enthusiasm. |
Posted By: basant
Date Posted: 10/Jan/2008 at 3:36pm
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What are the chances of a motorcycle owner taking over to this car. india sells 7 million motorcycles/scooters each year and only around 1 million cars! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: omshivaya
Date Posted: 10/Jan/2008 at 4:09pm
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I think India will soon be pretty high on the pollution scale. As if India did not have enuff problems. 1 lac car is pretty affordable and with rising consumption, I see this car entering almost every household, starting from a family which is a pretty well below middle class and going all the way up to middle class(not upper middle class though). ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: basant
Date Posted: 10/Jan/2008 at 4:33pm
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I am also contemplating buying that car! Seems great value for money.But all that is a bit away since the commercial launch would coincide with the 2nd half of this year. But as a stock any correction in Tata Motors could be a great opportunity to buy. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: jacobanoop
Date Posted: 10/Jan/2008 at 4:34pm
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I have question Basantji,Will affect the prices of other cars in current Market?
------------- Anoop |
Posted By: basant
Date Posted: 10/Jan/2008 at 4:41pm
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It shoukd but everyone will come in the same format more or less. This does nort seem to be rocket science. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: MANI
Date Posted: 10/Jan/2008 at 4:51pm
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ENGINE DISPL IS 624 CC ------------- MANI |
Posted By: equity analyst
Date Posted: 10/Jan/2008 at 9:08pm
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bajaj auto is coming with 3000$ car with nissan.
------------- "Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home." |
Posted By: deveshkayal
Date Posted: 10/Jan/2008 at 9:47pm
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What if the petrol price shoot off to Rs.70/litre. Will people buy then ?? ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: ganeshbhandary
Date Posted: 10/Jan/2008 at 10:00pm
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I think it will also capture the second hand car market as well .people with this budget usually goes for second hand maruthi cars now may divert towards this.As first come first serve basis everybody will not be previlaged to have this car.As Ratan tata himself indicated he want to keep the promise to introduce 1 lakh car and also hints at raising prices after sometime. There was a company which sells second hand cars ,i dont remember its name whose ads use to come on tv.If it was listed think of the fate of its shareholders? |
Posted By: smartcat
Date Posted: 10/Jan/2008 at 10:04pm
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Tata has thought about that too. That's why he will be introducing Tata Nano Diesel soon.
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Posted By: smartcat
Date Posted: 10/Jan/2008 at 11:44pm
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Apparently, Tata has saved money by using a http://www.time.com/time/business/article/0,8599,1702220,00.html - super strong glue instead of using welding techniques.
So this is not a car you would want to take to a rally championship or in Mumbai immediately after the monsoons. If you really have to do it, I would recommend that you carry some FeviKwik in the boot.
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Posted By: gwhunting
Date Posted: 10/Jan/2008 at 11:56pm
http://economictimes.indiatimes.com/Auto/Bajaj_gets_four-wheel_savvy_at_auto_expo/articleshow/2687772.cms - http://economictimes.indiatimes.com/Auto/Bajaj_gets_four-wheel_savvy_at_auto_expo/articleshow/2687772.cms yea it looks pretty good as well.. seems likee Tatas will have a competition.. |
Posted By: xbox
Date Posted: 10/Jan/2008 at 4:34am
Nano is not for bikers. It is for entry-level/low-income car buyers. This segment was killed with rising costs of M800 which Nano is trying to revive. As Tata is know to eye gold at the bottom of pyramid, this seems to be right product. This is a car which will compete with alto, matiz.
A guy who wants to buy 3K USD bike will go for 30K USD Car not 3K USD car but sometimes one needs a story to cover-up. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: tigershark
Date Posted: 10/Jan/2008 at 6:58am
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john abraham will continue to love bikes ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: smartcat
Date Posted: 10/Jan/2008 at 11:10am
| I have a friend who owns a Bajaj Pulsar - and he drove all the way to Sikkim and Arunachal Pradesh on his bike. There are many crazy people like him - the Tata Nano is not for such people. |
Posted By: investor
Date Posted: 11/Jan/2008 at 1:39pm
But theirs is still a prototype. Commercial launch is atleast 2-3 years away.
------------- The market is a place where people with money meet people with experience. The people with experience get the money while people with money get experience! |
Posted By: investor
Date Posted: 11/Jan/2008 at 1:40pm
...and bips as well!! 
------------- The market is a place where people with money meet people with experience. The people with experience get the money while people with money get experience! |
Posted By: investor
Date Posted: 11/Jan/2008 at 1:42pm
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The official site: http://www.tatapeoplescar.com/tatamotors/ ------------- The market is a place where people with money meet people with experience. The people with experience get the money while people with money get experience! |
Posted By: johnnybravo
Date Posted: 11/Jan/2008 at 3:41pm
We are talking about two categories of people: 1) One who love biking 2) One who are forced to bike due to economic conditions. What this car targets is type II not I. India still does not have a satisfying offering for people who fit type I. Also number of people in Type II are more than in Type I. Its indeed sorry at times to see an entire family of 4 going on a bike when its raining. This car will change their aspirations. Anyways, Bikers will buy cars when they get married :) |
Posted By: bharti
Date Posted: 11/Jan/2008 at 4:58pm
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Some questions: a. will this car become a replacement for Bajaj auto-rickshaws and may be some taxi-walas? I heard that auto-rickshaw costs some where around 1.4lac. If that happens, pity for Bajaj!
b. Can we hope to get more concessions(eg. in terms of registration fees, road tax......) for this 'People's Car' or 'Aam Aadi's car' in the coming budget? remember this budget is expected to be a populist budget with elections around the corner.
c. Would majority of college going students curerntly using bikes or people getting new jobs( say upto around 3-4 lac category) prefere this?
d. Would this dramatically become a choice as a second car for well-off people who may generally prefer first car atleast say costing 3 lacs or more - may be for their wives etc.?
Regards,
Vishal
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Posted By: smartcat
Date Posted: 11/Jan/2008 at 5:11pm
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The good looks of the car means that a Mercedes Benz owner too might buy this car for his 18 year old daughter on her birthday. It might appeal to some college going guys and youths on their first job too. Because a car can always be "pimped" - meaning one can add a larger inch alloy wheels, wider tyres, projector headlamps, spoilers & wings, sunroof and a MP3 player with a massive sub-woofer and what not. All this junk can be added over a period of time - so it doesn't hit a person's bottomline either.
But anyway, it is too early to say anything. It all depends on how the car drives.
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Posted By: omshivaya
Date Posted: 11/Jan/2008 at 5:12pm
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I hope one day Tata comes out with a "negligible-polluting" car. Next waves of innovation and advancement for the world will come from Asia, so why not? ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: Mr. V
Date Posted: 11/Jan/2008 at 2:43am
Excellent point. I think Nano can be a very good substitute for autos and Citi Taxis (Omni, 800 and Indica). Less pollution as well. |
Posted By: dhanda23
Date Posted: 04/Jul/2009 at 8:32pm
ALRIGHT,THE CAR IS AMAZING,DON'T THINK OF RICH PEOPLE ONLY MAN,WE SHOULD ALSO THINK OF THE POOR FOR WHOM NOBODY CARES, WHO WILL NOW BE ABLE TO AFFORD THIS CAR AND FULFIL HIS DREAMS.REALLY MR.RATAN TATA ,WE SALUTE YOU FOR FULLFILING THEIR DREAMS.REALLY IS'T A DREAM CAR AND MR.RATAN TATA PEOPLE'S DREAM MAN. ------------- dp |