Nano?s local rivals booting up ?

?Nano? the ace from Tata Motors was the big buzz of world automobiles industry in 2008. Amidst of speculations nano launched in Jan-2008 at ninth auto expo, New Delhi. Barely three months two Indian business houses unveiled their low cost car business plans.

The first to announce low cost electric car was Gujrat based Ajanta Industries. Ajanta group is banking upon their strong R&D set up and supplier base. Ajanta is planning to launch a car with cost tag well below 1lakh.

Another Gujarat based firm Field Marshal Group announced their small car plan. Field Marshal is in talks with their counterpart for technology.
Not only Tata will be concerned by these plans other players like Maini group, Hero group may also be eagerly watching the developments.