South Asian Business news and information

Tata Nano is the cheapest car in the world. It is going to come soon in the market. I found some report that Tata Nano is going to hit the markets in Durga Puja time. Durga Puja is the biggest festival in Eastern part of India. There is some concern that the cost of the project has increased significantly than earlier estimated.

Economic Times wrote:

There has been a further cost overrun for the Tata Motors Nano project at Singur. “It now stands at more than Rs 2,000 crore,” said Mr Ravi Kant, managing director of the company at Writers’ Buildings on Saturday.

Mr Kant said the original project cost was at Rs 1,700 crore and there has been a cost escalation of 17.6%. However, at the time of signing of the MoU with the West Bengal government in May 2006, the project cost figure doing the rounds was Rs 1,500 crore.

Now, let us see if Tata can maintain the price tag of 1 Lakh Rupees for Nano. What do you think about it?