Monday, 07.07.2008, 12:47am (GMT-7)
  Home
  FAQ
  RSS
  Links
  Site Map
  Contact
 
Mulayam Singh set to ; Ackerman urges speeding up the Nuclear deal proceedings ; Sikh arrested, turban snatched by State Marshals in courthouse ; Fremont blogger arrested in Singapore ; NY Sikhs march to protest against hate crimes
::| Keyword:       [Advance Search]
 
NAVIGATION  
  Bollywood
  Community Post
  Health Science
  Horoscope
  Immigration
  India
  Life Style
  Perspective
  Philosophy
  Real Estate
  Sports
  TechBiz
  Travel
  US News
  ::| Poll
Is India to blame on Doha stalemate?
Yes
No
Can't Say
 
  ::| Newsletter
Your Name:
Your Email:
 
 
 
TechBiz
 
Tata dares rivals to fight in market place
Sunday, 01.13.2008, 11:46pm (GMT-7)

 NEW DELHI: Saddened by a spate of "unfortunate controversies" that his dream economy car evoked right from the conception stage, Tata group chief Ratan Tata dared competitors to slug it out in the market and not elsewhere."In the marketplace, the best wins. I am quite willing to fight in the market place... I urge all players to fight in the market," Tata told editors before he launched 'Nano', popularly known as the Rs one lakh car.

He expressed anguish at the fact that all kinds of attack had been made on the project - from surface to behind.Listing out controversies that had brewed regarding the car being a pressure on fossil fuel and not meeting emission and safety issues, he said, "I am somewhat sad that Indians are becoming the greatest critics... Why do we cut us down... Market will decide.

Not you or us... If we succeed, we will have broken new ground." Answering a wide range of queries from the controversies to the cost and the expectations during a free flowing discussion, Tata said though there was global visibility, but it was one of "disbelief and not of expectations." What started off as a social issue to provide affordable safe transport as an alternate to two-wheelers, could become an attractive business with the Tata Motors working on variants to the economy car for upmarket buyers, he noted."I don't think we are boxed into a corner. We never said that it will be a Rs one lakh car, but it was media speculation that we accepted as a challenge. The concept started as a social issue and not as a business or philanthropy.

There will be a base model and several variants for upmarket (consumers) that will add up as an attractive business prospect," he said. On whether a competitor could develop a cheaper car than theirs, Tata said it was quite possible as there can be others with more composite solutions in mind using different material. "Hopefully, we can break this barrier," he quipped. Taking a dig at competitors, he said: "We set out to do what people said is not possible. It is the same people that are following. This is a vindication of our concept.

I have the satisfaction that we are leading." Tatas took Maruti-800, the cheapest four-wheeler that dominated the Indian market for nearly two decades, as the benchmark for their project and the outcome was a car that was 8 per cent shorter in length but 21 per cent more spacious from inside compared to the once bread-and-butter car of Maruti Suzuki."This will give a fuel efficiency of fifty miles to a gallon which works out to more than 20 km to a litre," Tata said.Dubbing the launch of the car as an important milestone in the history, the 71-year-old corporate leader, ranked among the most powerful business executives across the globe by Fortune, said that his biggest concern was the surging inflation in steel etc.

"We don't know till what time we will be able to hold the price to the level that is expected," he said but debunked suggestions that the opening price would be just an invitation offer.Giving details of the project, Tata Motors Managing Director Ravi Kant said the cost of the project, both product designing and factory, was in the range of Rs 1500 crore to Rs 1700 crore, almost the same level of Indica."The cost of the project remains almost unchanged even after 10 years but the new facilities are also bigger," he said.

On whether a competitor could develop a cheaper car than theirs, Tata said it was quite possible as there can be others with more composite solutions in mind using different material. "Hopefully, we can break this barrier," he quipped. Taking a dig at competitors, he said: "We set out to do what people said is not possible. It is the same people that are following. This is a vindication of our concept. I have the satisfaction that we are leading."

Tatas took Maruti-800, the cheapest four-wheeler that dominated the Indian market for nearly two decades, as the benchmark for their project and the outcome was a car that was 8 per cent shorter in length but 21 per cent more spacious from inside compared to the once bread-and-butter car of Maruti Suzuki.Giving details of the project, Tata Motors Managing Director Ravi Kant said the cost of the project, both product designing and factory, was in the range of Rs 1500 crore to Rs 1700 crore, almost the same level of Indica."The cost of the project remains almost unchanged even after 10 years but the new facilities are also bigger," he said.
-PTI

Comments (0)        Print        Tell friend        Top


Other Articles:
Ford names Tata motors as preferred bidder for J-LR (01.06.2008)
Center not to impose SEZ on Goa, Nath assures Kamat (01.06.2008)
Indian economy chugging smoothly ahead (01.03.2008)
FDI a no-no, but local retailers in overdrive mode during 2007 (12.30.2007)
Airtel removes 10 towers close to Indo-Pak border (12.30.2007)
Hallmarking of gold jewellery deferred (12.30.2007)
WB cabinet okays shipyard project (12.30.2007)
RBI proposes to eliminate ATM fee (12.25.2007)
SEBI supercession on CSE ends, new board after 4 years (12.25.2007)
TATAS SET TO BAG JAGUAR & A UK BANK (12.24.2007)



 
  ::| Events
July 2008  
Su Mo Tu We Th Fr Sa
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    
 
::| Hot News
India badly hit by global meltdown
TATAS SET TO BAG JAGUAR & A UK BANK

Contact us:
(510) 429 - 2110
[Top Page]