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Tata
Motors is planning a new platform for a compact car codenamed X4. It is at a
conceptual stage now.
The car
could be sandwiched between the Nano and Indica in terms of pricing which could
mean a product in the Rs 2.5-3 lakh bracket. It will take a good 36 months
before it is out on the roads by which time the Nano could be doing over
600,000 units annually.
Over the
last 2-3 years, Tata Motors has worked aggressively on the new Indica (X1),
PhoenixSprint (X2) and, of course, the Nano (X3). The fact that it is planning
yet another small car is reflective of the direction it wants to take in the
future.
It is
absolutely clear that Tata Motors is focusing on being a dominant player in the
small car segment. It has already created a world record of sorts with the Nano
as far as the pricing quotient is concerned. The top-end petrol version will be
barely Rs 1.8 lakh (on-road) unless input costs go out of control as is the
case now especially with steel.
The
diesel version of the Nano which is due to be launched during 2009-10 will be
priced closer to the Rs 2.5 lakh. This will still make it the least expensive
diesel-driven small car in the Indian market.
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