Tara Tiny: Tata Nano Challenger: Finance Trading Times

Tara Tiny: Tata Nano Challenger

A new, small car, priced less than the 1 lakh Rs. Tata Nano, is expected to be the competitor to Tata Nano. So one can now look beyond Tata Nano. However, the price is just 1 Re. less than Tata Nano car, priced at 99,999 Rs. Moreover, it will be launched by June this year itself.

Tara Tiny will be a battery-powered vehicle, said a recent report in the Economic Times.
Kolkata-based Tara International has teamed up with China's Aucma, a leading player in the electrical vehicles and appliances segment, to manufacture this car.

The company plans to launch Tara Tiny by June this year.

Besides Tara Tiny, there are 3 other cars to be launched namely -- Tara Titu, Tara Micro and Tara Mini -- are also in the pipeline. The ex-showroom prices of these Tara cars will be between Rs 99,999 and Rs 500,000.

All these vehicles can be electrically charged and powered. The vehicles can be recharged daily at 220 volts through a 15 amp power. The electrical vehicles business is seen to generate a turnover of Rs 15 crore (Rs 150 million) in 2008-09 and about Rs 50 crore (Rs 500 million) in the second year.
Officials say that the Tara company also has plans to introduce buses and electrically power two- and three-wheelers. While the two-wheelers will be in the range of Rs 9,999 to Rs 30,000, the three-wheelers are likely to be priced between Rs 85,000 and Rs 180,000. Table of Contents
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