The electric motors not only help deliver 369 lb-ft of torque, they also help the Megapixel achieve a very tight turning radius (nine feet), a valuable asset for a city car aimed at buyers in large urban centers. Continue Reading...
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Maruti Suzuki, India’s largest auto company, is set to unveil the new XAα concept car at the 2012 New Delhi Auto Expo. While earlier reports suggested that the new concept will eventually replace Maruti Suzuki’s highly successful Jimny SUV, Maruti Suzuki managing director and CEO Shinzo Nakanishi explained that, “the Concept XAα is designed for… Continue Reading...
The world’s least expensive car, the Tata Nano’s original purpose in design was to be a modern Ford Model-T, mobilizing millions of families in India. Despite the Nano’s noble intentions, only 1,200 examples were sold in the month of September when initial projections expected a rather optimistic 20,000 vehicles per month. A new approach may… Continue Reading...
Renault is in development of an ultra low-cost vehicle, along the lines of the Tata Nano. While the Nano is currently suffering from some awful sales numbers (initial projection of 20,000 a month but only saw 1,200 units sold in September), CEO of Renault/Nissan Carlos Ghosn is convinced that an extremely affordable vehicle would… Continue Reading...
Tata Sons has named Cyrus Mistry as its next CEO, as current CEO Ratan Tata prepares to retire. The unmarried, childless Tata named Mistry as CEO of the holding company responsible for Tata’s numerous divisions, among them their automotive sector which owns Jaguar and Land Rover, along with the namesake Tata Motors brand. “The appointment… Continue Reading...
Look for the little green car in this video. No, not that one. See it? It’s just another day in Bangladesh (according to the comments), one of the many South Asian countries with more notorious drivers than the last 6 Nicholas Cage movies. After the bus knocks over the other one, the little green car… Continue Reading...
The Tata Nano has had a roller coaster start to its life. It garnered great interest when it was launched as the cheapest new car in the world, costing around $2300. That certainly helped push sales, with Tata selling 9000 units in July 2010. However, after a few vehicles caught fire and concerns over its… Continue Reading...
If the maker of the world’s cheapest car does move ahead with plans to sell it here in the U.S., the sticker price won’t be the $2,000 figure that the car retails for in its home market of India. Instead, says Tata Motors chairman, Ratan Tata, the Nano city car would likely range between $7,000… Continue Reading...
There is such a thing of having too much of a good thing. Like gold… especially when it is on a Tata Nano. The most basic car on the road just got pimped to celebrate the 5,000th anniversary of Indian jewelry. Tata Group, the company that makes the Nano, employed Titan, one of its subsidiaries,… Continue Reading...
India’s Mahindra will buy troubled Korean carmaker Ssangyong for $463 million, with Mahindra gaining a 70% stake in the company. The deal is expected to conclude in March, 2011. “Together with its financial capability, Mahindra offers competence in sourcing and marketing strategy while Ssangyong has strong capabilities in technology,” Mahindra President Pawan Goenka said in… Continue Reading...
Now that they have, Mahindra still wants to rescind the contract between it and GV, but there’s evidence to suggest that the company’s argument won’t hold up in court. Continue Reading...
According to an official press release on Mahindra’s US website “the agreement dated 26th September 2006, between Mahindra and GV” has been “terminated.” Continue Reading...
India’s Mahindra has nearly completed a purchase of Korean carmaker circus freakshow Ssangyong, maker of the world’s ugliest vehicles. “We give the takeover candidate (Mahindra and Mahindra) an exclusive right for negotiation, and won’t be involved in any takeover-related activities with a third party,” Ssangyong said in a statement. Financial terms were not announced but… Continue Reading...
However, according to a statement from Pawan Goenka, Mahindra’s President of Automotive Operations, the US launch has been postponed – from Spring until December 2010. Continue Reading...
Tata unveiled a new electric version of its Nano at the Geneva Auto Show. The Nano EV joins the Indica Vista EV in Tata’s electric line-up. The Nano EV will use the same super polymer lithium-ion battery as the Indica Vista EV. The electric version of the world’s least expensive automobile has a range of… Continue Reading...
The first details on Indian automaker Tata’s Nana Europa model have been announced, giving us a closer idea of what the car might be like when it arrives in the U.S. in 2012. Famous for being the world’s cheapest car, the Nano sells for $2,000 in India, but the European model will cost far more… Continue Reading...
Tata Motors has posted its first annual loss in eight years due to a significant drop in demand for vehicles from its newly acquired Jaguar Land Rover (JLR) unit. The Indian automaker, also known for manufacturing the world’s cheapest car (the Nano), posted a net loss of $520 million for its 2009 fiscal year, with… Continue Reading...
Indian automaker Tata has confirmed that it will bring the Nano to the U.S. in the next three years. The Nano, launched officially several months ago in India, holds the title of being the world’s cheapest car with base models priced at just $2,000. David Good, a U.S. representative for the Indian automaker, which also… Continue Reading...
Well, here’s an exciting follow-up to yesterday’s story about the launch of the new Tata Nano in India; Tata is looking to bring the $2,000 Nano to the U.S. According to a report in the Financial Times, Tata boss Ratan Tata is hoping to take advantage of the worldwide recession by bringing affordable (and we… Continue Reading...
Yesterday in Mumbai, India Tata Motors officially launched its revolutionary Nano micro-car. Powered by a 624cc 2-cylinder engine that makes just 35hp, the Nano will be offered in three trims levels with a starting price of just $2,000. The Nano comes with a 4-speed gearbox with full power available at 5250 rpm and full torque… Continue Reading...