Rs 1 lakh Tata car likely by '07-'08

The ambitious Rs 1 lakh car by Tata Motors may be launched between 2007 and 2008 even as factors like inflation and cost of steel may make it difficult to maintain the price line.

"Tata Motors would go into tooling for the car, which would be launched in 2007-08," Ratan Tata, chairman of Tata Sons, said today.

Asked whether the company would be able to keep to the price announced, Tata said "Hopefully, the car would be launched at the same price."

He, however, said it would be difficult to hold the price due to various factors like inflation at that time, value of the rupee and cost of steel.