Ford to invest $500 mn for expanding India operations

Global auto major Ford Motor Company (FMC) will invest an additional $500 million over the next two years to expand its Indian operations for manufacturing small car and components for domestic and overseas markets

The Economic Times
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Tata's small car: Small size big opportunity

Preeti Burde, who owns a chain of driver training schools in Maharashtra’s Thane city, plans to buy Tata’s Nano the moment it is launched later this year. She is not exactly from the price-sensitive middle class family that the world’s cheapest car is targeted at. She is a businesswoman trying to profit from it.

The Economic Times
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World watches Tata Motors Nano unveils

It’s the car that promises to shake up the world automobile industry. The Tata Motors Nano, India’s first original contribution to the car industry, was unveiled on Thursday at a packed, near-stampede launch. As promised, it’s priced at Rs 1 lakh ($2,500). The history-making car, which many industry observers predict will be a huge hit in emerging and even advanced markets, is already attracting world-wide attention with television channels in Europe and the UK telecasting the event live. Already, the launch of the Tata small car, the cheapest in the world, is being compared to seminal events such as the launch of Ford Model T and Volkswagen Beetle.

The Economic Times
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Volkswagen hopes to sell 110,000 cars per year in India

Germany's Volkswagen said on Wednesday in a statement released at an annual auto show that it hopes to sell 110,000 cars a year in India starting 2009. Joerg Mueller, president of the firm's Indian operations, said Volkswagen would launch two new models in India this year including the Jetta, and hoped to introduce a small car in the country in 2010.

The Economic Times
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