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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (83275)1/9/2008 8:26:06 AM
From: Dennis Roth  Read Replies (1) of 206322
 
The £1,290 car delights Indians but horrifies the green lobby

Amelia Gentleman in New Delhi
Sunday January 6, 2008
The Observer
observer.guardian.co.uk

After years of secret preparation, the world's cheapest car will be unveiled in Delhi this week - delighting millions of Indians as much as it is horrifying environmentalists.

At 100,000 rupees (£1,290), the People's Car, designed and manufactured by Tata, is being marketed as a safer way of travelling for those who until now have had to transport their families balanced on the back of their motorbikes...

...Last year just over one million cars and seven million motorbikes were sold in India. Tata wants to transform some of those motorbike buyers into car owners and believes that the company can eventually sell up to a million People's Cars a year...

...These figures alarm environmentalists...
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