Word: lakh
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...Around the middle of next year, Indian automobile manufacturer Tata Motors intends to launch a new model that will be so inexpensive, the company hopes it will trigger a revolution in car ownership, not just in India but throughout the developing world. The planned vehicle is called the "One-Lakh Car" because, Tata says, the rear-engine, 600-cc, four-door sedan will cost a lakh, or 100,000 rupees. At current exchange rates, the sticker price would be the equivalent of about $2,500. That's $3,000 less than India's current cheapest...
...Around the middle of next year, Indian automobile manufacturer Tata Motors intends to launch a new model that will be so inexpensive, the company hopes it will trigger a revolution in car ownership, not just in India but throughout the developing world. The planned vehicle is called the "one-lakh car" because, Tata says, the rear-engine, 600-cc, four-door sedan will cost a lakh, or 100,000 rupees. At current exchange rates, the sticker price would be the equivalent of about $2,500. That's $3,000 less than India's current cheapest...
...Britain's West Midlands region, some of whom were jobless after closures in Britain's auto industry over the past few years. Indian producers are relentless cost-cutters. Many, including Tata, now buy parts through Internet auctions to get the best price. Industry analysts speculate that the one-lakh car may revolutionize assembly, with some parts glued together rather than welded or bolted. Even so, Tata officials acknowledge profit margins will be slim; the company is counting on high sales volume to generate meaningful earnings and to create brand loyalty among customers, who will trade up to more profitable models...
...listening to "these rich people ask about congestion and pollution and global warming. I ask them, 'Sir, will you stop using your car and start taking the bus?' People should be thanking us our cars are small. Let all those SUVs in America be replaced by the one-lakh car if people are so worried." Today, India. Tomorrow, the world...
...Really? The Chinese will pay good money for them. They tear the missiles apart and study them, so they can build their own. Very good money. Lakhs and lakhs of dollars," said a slender Afghan excitedly. A lakh is 100,000 of something...