Call it the "Nano effect" but less than a month after Tata Motors displayed its competitively-priced small car at the Delhi auto show, prices in the 1.3-million used-car market crashed 15 to 30 per cent, if not more.
Here's a recap of moments captured in India in the past 48 hours.
The issue is not the right to own a Nano but the right to a slice of the public subsidy so that everybody is mobile, says Sunita Narain.
Unitech is pinning its hopes on the sub-Rs 5 lakh category of flats to counter the slowdown in the property sector. So are a host of others. Apart from Unitech, others such as Omaxe, Raheja, Tata Housing and Ansal API are planning new projects in the suburbs of satellite towns or smaller cities to target the bottom segment, to generate more cash.
The Nano does not look or feel like a very 'cheap' car. It is a very thoughtfully designed piece of kit, with an agreeable level of fit and finish. Nor would you expect the kind of space it has in its interior. The two-cylinder 624cc engine hisses like a modern scooter before waking up and settling to an idle. The cable-linked gear lever helped Bijoy Kumar Y select first and presto, we had motion!
Known to be the world's least expensive car, Nano is expected to redefine personal transportation in modern India. Customers can expect to own a car coming at a price between Rs 1.20 lakh (Rs 120,000) and Rs 1.30 lakh (Rs 130,000), depending on the version.
Auto analysts suggest that Tata Motors may not be able to generate more than three to four per cent on net profit margins and five to six per cent on EBIDTA margins on the car. In addition, while production of the model is ramped up, sales will also have to rise in tandem.
The Nano might have put a smile on millions of faces across the nation, but the traffic police in Bangalore is definitely not amused.
Mamata offered 1,000-acre land at Goaltore and said anyone be it the Tatas or BMW are most welcome to set up an auto plant in the state
The West Bengal CM's media equation wasn't always this bad. In the run-up to the assembly elections of 2011, she was a clear favourite.
Here are tips on how to manage your skin this summer.
Cars like the Land Rover Evoque, endorsed by Victoria Beckham, have more women customers than men.
In a ruling which can have far-reaching consequences, the Supreme Court on Wednesday set aside the controversial acquisition of 997.11 acres of land in Singur in 2006 by the then Left Front government in West Bengal to set up Tata Motors' ambitious Nano car manufacturing plant.
The successful launch of seven satellites on Wednesday has placed India among the best in the field of space research. And, behind the success story of the launch is a team that has been silently working for five long years.
President A P J Abdul Kalam has favoured India and IBM jointly developing and marketing nano computers.
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
The tragedy comes at a particularly sensitive juncture.
The F1s comes with a powerful 16-megapixel (MP) front camera.
India is all set to script history by launching a record number of 22 satellites, including a number of micro and nano ones from foreign countries, in a single mission in May this year.
The Ambassador and Nano plants are in the same district. Now to get the Bajaj Lite
Now that the Left Front has cowed down to Mamata Banerjee's persistent pressure, it sends out a loud signal to their detractors -- unless you create nuisance in this state, you won't be heard.
Israel is determined to take the bilateral engagement to a different level that goes beyond defence hardware and intelligence software. Kanchan Gupta reports exclusively from Tel Aviv for Rediff.com
While researchers worldwide are trying to develop newer and better methods for producing CNTs, the age-old practice of making kaajal is the simplest and the cheapest way of making them, the IIT scientists say.
Other than the Cartosat-2 series satellite, the PSLV is carrying 29 nano satellites from 14 countries - Austria, Belgium, Chile, Czech Republic, Finland, France, Germany, Italy, Japan, Latvia, Lithuania, Slovakia, the United Kingdom and the United States of America besides a nano satellite from India.
'Tata may have sensed that the suddenness of the decision to replace Mistry would become controversial and it was proper to keep the prime minister informed of the decision,' says A K Bhattacharya.
Maruti, Hyundai & Mahindra together had 72.5% market share in year's first half.
Tata Motors is seeking an image makeover with the curvaceous hatchback, Zica.
On the morning of February 15, ISRO will hurl into space using the Polar Satellite Launch Vehicle three Indian satellites and 101 small foreign satellites. No other country has ever tried to hit a century in a single mission.
Does the French automaker's insignia help the cleverly packed Kwid to be on the premium side compared to Datsun's humble redi-GO? Both the vehicles underpin the same platform which is pulled by a similar 0.8-litre petrol motor and are made by the same alliance. Read on to find out more!
India will boldly go to Venus for the first time and re-visit the Red Planet very soon.
The first option that the state government might opt for is offer Infosys space in one of the SEZs that are coming up, but that is unlikely to be accepted
India will choke unless it modernises its city transport systems, and you can't blame the Nano for this.
Booking amount financing available from Rs 2850; retail auto loan available at interest rates starting from 9%; insurance premium starts at Rs 3,468 (ex New Delhi).
The paradigm shift from focusing on high-end to low-end mobiles is as exciting as the launch of Tata Nano.
A Nano-like mission to provide good-quality, good-performance has the power to make an incredible positive impact on the Indian economy.
The IIT Nano Centre will have fabrication facility in addition to scientific and structural characterisation facilities, R&D dean Prof Kartik Khilar said.
It signals a major jump in the global acceptance of India as a hub for small cars, but maintaining this will require a lot more including, for starters, large production volumes.
The Tata Nano project has scored some amazing firsts in terms of technologies and material costs. The Rs 100,000 question everyone is asking for the past few two weeks and will ask in coming months is how long it will stay that way.
The hatchback has been priced strategically at a notch above the Nano and way below the Tata Bolt.
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