Tata’s 1 lakh small car will be delayed
The ambitious Rs 100,000 car project of Tata Motors is running behind schedule, but Tata Sons Chairman Ratan Tata hopes that it would achieve top speed to make up for lost time.
“The project is getting delayed,” Tata told reporters on the sidelines of Tata Tea’s 44th annual general meeting here.
But he hopes there would be no time overrun in the project - whose first car is expected to be rolled out in the second half of 2008.
“I do not want to give the feeling that the project itself is getting delayed, but we will use our capability to overcome the delay,” Tata said.
Asked to give a date for the roll out due to the delay, Tata said that he did not want to give a specific date.
“There are vested interests working and we do not want to give a date,” he said.
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