Tata explores small car platformTata Motors planning a new platform for small cars, working on a compact car codenamed X4
Apnaloan.com Research Bureau
29 Apr 2008
Tata Motors is planning a new platform for a compact car codenamed X4. It is at a conceptual stage now.
The car could be sandwiched between the Nano and Indica in terms of pricing which could mean a product in the Rs 2.5-3 lakh bracket. It will take a good 36 months before it is out on the roads by which time the Nano could be doing over 600,000 units annually.
Over the last 2-3 years, Tata Motors has worked aggressively on the new Indica (X1), PhoenixSprint (X2) and, of course, the Nano (X3). The fact that it is planning yet another small car is reflective of the direction it wants to take in the future.
It is absolutely clear that Tata Motors is focusing on being a dominant player in the small car segment. It has already created a world record of sorts with the Nano as far as the pricing quotient is concerned. The top-end petrol version will be barely Rs 1.8 lakh (on-road) unless input costs go out of control as is the case now especially with steel.
The diesel version of the Nano which is due to be launched during 2009-10 will be priced closer to the Rs 2.5 lakh. This will still make it the least expensive diesel-driven small car in the Indian market.