More 1 Lakh Cars Coming to Compete with Nano!

Tuesday 14 October 2008, 00:00 AM by Satish

Tata Motors recently shifted its Nano project to Gujarat from Singur in West Bengal. It seems troubles for their much awaited car are not over as yet. The new electric car, Oreva E, to be launched seems to pose tough competition to world’s most awaited car, Tata Nano. The Gujarat based Ajanta Group recently announced the impending launch of another Rs. 1 lakh car in the India auto market.

More 1 Lakh Cars Coming to Compete with Nano! |

Ajanta Manufacturing currently manufactures electric bikes in India which are quite popular and very successful as well. Now they will be making their foray in the small car segment as well. Ajanta has announced to launch their new electric car, Oreva E, in India priced at Rs. 1 Lakh.

"After registering a strong presence in the e-bike segment, we are set to enter the electric-car category," said Oreva e-car dealer Yogesh Tank. "In fact, we have designed the car to rival Nano. That is why Oreva E will be available within the Rs 1 lakh price range," said Tank. On the other hand, Jaysukh Patel, Managing Director, Ajanta Manufacturing Ltd. refused to comment.

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