Tata Motors Ltd. of India has announced plans to build a five-seat car that it will bring to market for less than 100,000 rupees (around $2,200).
The company is set to build a $220 million dollar factory the communist state of West Bengal to build the discount offering, with hopes of having it on the market in two years. The new vehicle could result in up to 10,000 new jobs at the plant and the company's suppliers.
Tata did not disclose more specifics about the vehicle's construction, or its name. Officials were similarly mum on production projections, as well export possibilities.
(A Tata Indigo Marina is pictured)
[Source: The Associated Press via Detroit News; Tata Motors]