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January 13, 2008

Tata Unveils 1 lakh Car

The $2500 Tata Nano, Unveiled in India [jalopnik.com]: I just back from India today and there was mixed emotion about this. Some people are excited about being able to buy a cheap vehicle that gets great gas mileage. Others, mostly the middle class who already have cars, are kind of pissed because the roads are already crowded with people, rickshaws and cows/goats. This is probably only going to exacerbate the existing situation.

Also, 1 lakh (Rs. 100,000, also known as Indian Rupees, INR) is not necessarily 2500 USD. The exchange rate I was quoted was 1 USD = 38.50 INR, which comes out to more like 2600 USD. Sure it's only 100 USD, but I'm a stickler for details.

Posted by Guy at 9:12 PM | Permalink