Use access key #2 to skip to page content.

IBDvalueinvestin (99.64)

Brand New Car for $2,500 is anyone interested?

Recs

5

August 25, 2009 – Comments (4) | RELATED TICKERS: TTM

Check out TTM - Tata mtrs  

   Their $2,500 vehicle concept will work wonders for them in poor countries like India, Eastern Europe, Africa, and Southeast Asia.

I will not be shocked if TTM trades above its all time highs soon.
Currently at only $12.19

Tata Motors in India came out with their $2,500 Nano vehicle, it put a lot of auto makers on the spot," said Nick Reilly, GM's newly installed executive vice president, international operations.

Tata started shipping the much-hyped Nano to domestic customers in July, with a base price of just under $3,000, and executives have talked of selling versions of the car in the U.S., Europe and emerging markets over the next two or three years.

4 Comments – Post Your Own

#1) On August 25, 2009 at 2:21 PM, APJ4RealHoldings (29.44) wrote:

to an indian consumer, wouldn't that feel like one of us shelling out $20,000 for a new car?

how much are the popular motorbikes selling for in India.  Much cheaper?  You see those around everywhere, much more convenient and practical for teh way of life there. 

Here's a video of what its like driving in India, this is very typical (and not heavy traffic from my experience).  Although there are a butt load more cars than I wouldve thought....might just be a car heavy area:

http://www.youtube.com/watch?v=RjrEQaG5jPM

 

Report this comment
#2) On August 25, 2009 at 2:26 PM, APJ4RealHoldings (29.44) wrote:

Maybe I'm wrong.  Cars are defninitely popular in the big cities:

http://www.youtube.com/watch?v=F7oBBBAAS9o&feature=related

Report this comment
#3) On August 25, 2009 at 2:28 PM, Starfirenv (< 20) wrote:

Particularly interesting is their development of the 'compressed air motor'. A small wind turbine, coupled with the compounding effects of a simple hydraulic compressor could mean free fuel. Congrats IBD on your new crown. appreciate your input.

Report this comment
#4) On September 23, 2009 at 9:18 PM, BrandonPaulChevy (< 20) wrote:

I think this is not really a good idea..These cars have less quality. According to an article, TTM car parts such as the wheels and the suspension can be easily damaged...

Report this comment

Featured Broker Partners


Advertisement