India's Tata Motors cheap car could be good/bad for country
Right now, .8% of Indians can afford to own cars compared to 70% of Americans. Even so, India's urban roads are already over-crowded, and urban planners as well as environmentalists worry that even a small increase in car ownership could be disastrous for the country.
Or it could be just the thing needed to spur the country's economy. Optimists see the as-yet-unnamed super-cheap Tata spurring the construction of larger, more modern highways, as well as fueling stations, driving schools and car parts stores.
Either way, Tata will need to sell a whole helluva lot of 'em since they will carry less than a 3% profit margin.
(A Tata Indigo Marina is pictured)
[Source: Sunday Herald]
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