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| World Home » Business » | Fri. May 16, 2008 |
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Tata Group, Ratan Tata to retire after launch of his one lac-car MIL/Agencies, Dec 30, 2007. IR Summary New Delhi, India: December 30, 2007 – IR Summary – The car industry is shocked to know that after the launch of Rs.1 lakh car, the people’s car,as he says, he may retire. This launch at auto expo show in New Delhi on January 10,2008 shall carry a special interest all over the country. Even Maruti Managemen is considering to lower their prices to compete the Tata’s people car. The Head of the Tata Group, Ratan Tata has confirmed that he would like to retire from active business life after his dream project gets a successful launch. Tata told a newspaper recently that the launch of the small car would be a best time for him to exit from the business world. Tata Motors, the giant automobile group of more than Rs three trillion market value, is scheduled to unveil the vehicle, which is popularly called as the "People's Car". The Cornell-trained architect Ratan Tata helped in designing the car and aimed to attract the middle class to get off their motorbikes and turn into cars. Marketing the car as the world’s cheapest mass-produced car, Tata recently said that the car would not pollute more than a motorcycle.
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