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Tata group chairman Ratan N Tata made news across car markets globally, after it declared its ambitious vision to manufacture car at a price as low as USD 2,500. The dream of Tata group was to provide purchasing power to common man, and called it as "people's car". From ambitious plans to competition, Renault and Nissan are developing an ultra low cost vehicle with the Bajaj group in India. The cost of this car is supposed to give fight to Nano; however the project is postponed to 2012.

Tata group chairman Ratan N Tata made news across car markets globally, after it declared its ambitious vision to manufacture car at a price as low as USD 2,500. The dream of Tata group was to provide purchasing power to common man, and called it as "people's car". From ambitious plans to competition, Renault and Nissan are developing an ultra low cost vehicle with the Bajaj group in India. The cost of this car is supposed to give fight to Nano; however the project is postponed to 2012.

Tata group chairman Ratan N Tata made news across car markets globally, after it declared its ambitious vision to manufacture ca.. - A PowerPoint presentation

Depending on your perspective, it's either an 1,832 square-foot hotel room or, in the words of a recently distributed media release, "a way to strengthen synergy" between two British brands. Those brands happen to fall in the portfolio of Tata Group, the parent company of Tata Motors.