Sunday, January 13, 2008

Poor People Happy; Rich People Scared

Many poor people happy; many rich people scared:

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 ...

Analysts say the project could revolutionise car prices, not just in India, but globally. Several other manufacturers have similar products in the pipeline. These figures alarm environmentalists ...

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