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Tata Motors' Rs 1 lakh car may cost more
The much-talked about Rs 1 lakh car from Tata Motors will cost more than that, thanks to inflation and the upward spiral in prices of raw materials including steel and rubber.
The much-talked about Rs 1 lakh car from Tata Motors will cost more than that, thanks to inflation and the upward spiral in prices of raw materials including steel and rubber.
The company will, however, try to keep the prices as close to the figure as possible, the Tata Motors Managing Director, Mr Ravi Kant, told reporters here.
"Somebody mentioned the one lakh figure three years ago, but is it possible to keep it at that level considering inflation and price rise in raw materials? Also, what will the situation be on these fronts two years from now?," he said, responding to a query on the company maintaining the promised price line.
Mr Kant, however, promised consumers a "good looking car which is very comfortable to drive" and said prototypes are currently being tested within the facilities, suppliers being short listed and orders placed for components. "We hope to launch on schedule in 2008," he said adding that the car has been styled in-house by the company with a team of design associates.
Mr Kant, however, promised consumers a "good looking car which is very comfortable to drive" and said prototypes are currently being tested within the facilities, suppliers being short listed and orders placed for components. "We hope to launch on schedule in 2008," he said adding that the car has been styled in-house by the company with a team of design associates. 
