World's cheapest car just got more expensive
The makers of the world's cheapest car, the Nano, said Friday it was raising the price of the snub-nosed four-door vehicle as it announced plans to ramp up production.
Quote from the article:
Tata has delivered roughly 45,000 cars and the company back in 2008 had promised to keep the price unchanged for the first 100,000 cars. Oops.
Source: World's cheapest car just got more expensive
Quote from the article:
A spokesman for Tata Motors said the price for the Nano — billed as the world's cheapest car — would have to increase for new customers by three to four per cent due to a "very sharp increase in input costs." "It is a very nominal increase given the rise in raw material costs," the spokesman told AFP, asking not to be named in line with company policy. Carmakers in India have been steadily increasing prices this year to offset higher raw material costs such as steel and rubber. |
Tata has delivered roughly 45,000 cars and the company back in 2008 had promised to keep the price unchanged for the first 100,000 cars. Oops.
Source: World's cheapest car just got more expensive
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