Tata already testing the Rs. 1 lakh car

Tata Motors is working hard on fulfilling the dreams of millions of two wheeler owners in the country who want to buy a car.

The company said that it was about to deliver on its promise to produce a car which will cost Rs 1 lakh. The Ratan Tata’s dream project has seen several difficulties but they say that they are on track to deliver the car sometime next year.

Group chairman Ratan Tata said in a statement on the progress of this car: “Tata Motors has developed a car which we hope to launch in 2008. It is undergoing tooling at present… It is undergoing trials.”

He further said that he unambiguous about the car costing less than Rs 1 lakh.

Ratan Tata spoke about the problems faced in Singur and the rumors in the market that Tata believes that they are being targeted by rival automakers in the country: “I do not make loose comments. I will speak at an appropriate time. We have evidence.”

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