The heavily-indebted group said the mini-car, whose price would start at Rs100,000 ($1,948), would go on sale in April, ending months of delays after political strife at its original plant near Calcutta, eastern India, forced it to shift the factory.
“This is a good gamble,” said Abdul Majeed, head of automotive practice at PwC. “If this pays off for them, it could turn around their fortunes.”
Ratan Tata, chairman of India's Tata conglomerate, caught the world's imagination with his pledge to produce a car cheap enough to lure lower-income Indian families off their scooters and into cars for the first time.
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