When Tata announced the plan for 1 Lak Rupees car, everyone was wondering how it would be possible. Even before the launch of this car, it has however have triggered seismatic changes on a global scale. BusinessWeek is reporting on the Race to build Really Cheap cars for the BRIC (Brazil, Russia, India and China) Countries where the demand for such cars are estimated to be in hundreds of Millions. BusinessWeek is predicting the change to be as big as the introduction of Henry Ford's T Model.
Chennai is supposed to a global manufacturing hub for these cars and could be well on course for being the next Detroit. But if Indian Driving as bad as the previous video, how would low cost cars going to impact the traffic conditions? Road Taxes might be raised high enough to make cars unaffordable to the very market segment these car manufacturers are targeting.
Also, it is going to highly impact the global climate which is already worsening.