TITLE

Steel prices nudge up Nano's costs

AUTHOR(S)
Srivastava, Mehul
PUB. DATE
July 2008
SOURCE
Automotive News;7/7/2008, Vol. 82 Issue 6315, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Tata Motors Ltd. is finding it difficult to contain costs on the inexpensive Nano small car, because of 50% rise in steel prices since 2007. In January 2008, Tata created a splash when it unveiled the Nano, a basic car that it planned to sell with a wholesale price of about $2,500. The company is asking suppliers to share the cost increases. Tata is working to adjust parts prices with an informal consortium of about 50 suppliers.
ACCESSION #
33370911

 

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