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Tata Motors’ plans produced, in real terms, by far the cheapest car ever made.
An Indian car may soon earn a parking place in history alongside Ford’s Model T, Volkswagen’s Beetle and the British Motor Corp.’s Mini, all of which put a set of wheels within reach of millions of customers after they rolled onto the scene. Tata Motors (nyse: TTM – news – people ) is developing a car it aims to sell for about $2,500 the cheapest, by far, ever made. (more…)