UK: Commodity cost challenge for Tata '1 lakh' car - analyst
The rising cost of commodities could lead to price rises for Tata's new '1 lakh' Nano 'people's car' model in the medium term, and although Tata will not initially have any rivals in this field, a project being developed by Bajaj Auto and Renault is likely to provide competition within the next two to four years, Global Insight auto analyst Ian Fletcher said on Thursday.
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