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Blazing a new trail in the automobile sector in India, Tata Motors (Q, N,C,F)* will launch its Rs one lakh small car, Tata Nano in Mumbai today.
Unveiled in January last year Nano is a 623 cc vehicle that is 3.1 metre long and has a single windshield wiper besides a small trunk.
Without air bags or antilock brakes, the car would come in different versions with higher ends having air conditioning, a radio, or power steering, with additional cost.
Tatas had to postpone the launch of the car as the originally planned manufacturing base at Singur in West Bengal fell flat after a huge initial investment following Trinamool Congress triggered protest over the land allocation issue, hitting hard the farmers.
The plant at Sanand, near Ahmedabad, is located on about 1,100 acres, and will have an initial capacity of 250,000 units, which can be expanded to up to 500,000 cars per year.
Initial production would be out of Tata Motors plants at Pantnagar in Uttranchal and Pune. The company said it will take at least a year to complete the new factory, and until then, Tata will only be able to produce a limited number of Nanos from its other car plants in India.
Though details of the production volumes have not been stated so far according to industry analysts the first year would see production of 50,000 cars as against the originally planned 250,000.
Tata Motors have also unveiled the Tata Nano Europa, a slightly more robust version of the Indian model, at the Geneva Motor Show this month, with a planned launch of 2011.
Shares of the company closed down Rs 10.7, or 6.24%, at Rs 160.90. The total volume of shares traded was 2,004,500 at the BSE (Friday).
Unveiled in January last year Nano is a 623 cc vehicle that is 3.1 metre long and has a single windshield wiper besides a small trunk.
Without air bags or antilock brakes, the car would come in different versions with higher ends having air conditioning, a radio, or power steering, with additional cost.
Tatas had to postpone the launch of the car as the originally planned manufacturing base at Singur in West Bengal fell flat after a huge initial investment following Trinamool Congress triggered protest over the land allocation issue, hitting hard the farmers.
The plant at Sanand, near Ahmedabad, is located on about 1,100 acres, and will have an initial capacity of 250,000 units, which can be expanded to up to 500,000 cars per year.
Initial production would be out of Tata Motors plants at Pantnagar in Uttranchal and Pune. The company said it will take at least a year to complete the new factory, and until then, Tata will only be able to produce a limited number of Nanos from its other car plants in India.
Though details of the production volumes have not been stated so far according to industry analysts the first year would see production of 50,000 cars as against the originally planned 250,000.
Tata Motors have also unveiled the Tata Nano Europa, a slightly more robust version of the Indian model, at the Geneva Motor Show this month, with a planned launch of 2011.
Shares of the company closed down Rs 10.7, or 6.24%, at Rs 160.90. The total volume of shares traded was 2,004,500 at the BSE (Friday).
