It would be nice to quit after small car launch

London, Dec 30 | Updated: Dec 31 2007, 05:44am hrs
Tata group head Ratan Tata feels that it will be a nice time ideally for him to retire from active business life after the launch of his dream project the Rs 1-lakh-car , a media report said here.

In an ideal world, after the small-car has been launched and is successful, that would be a nice time for me to exit, Tata told the Financial Times newspaper.

Tata Motors, the automotive arm of the over Rs 3-trillion-market-value group, is scheduled to unveil the vehicle, touted as the world's cheapest mass-produced car, on January 10 at an auto expo in New Delhi.

But rival car makers are not convinced about the safety and emission standards of the car, coming as it is at that price level.

Reacting to this, Tata told the British newspaper, We are producing a car that will be no more polluting than a motorcycle.

Tata told the Financial Times, which has named him among the three entrepreneurs making their presence felt around the world, As we are not going to produce millions and millions of them, inundating the country, we will not be adding to the carbon footprint on a per-passenger basis.

The report said, there was a big gap between the cost of the average two-wheeler and entry-level cars such as the Maruti 800, which retailed for about $5,000, and Tata planned to fill it.

The only reason we did not make the Rs 1-lakh car a hybrid, for example, is that it could not have been priced at Rs 1 lakh, said Tata, who celebrated his 70th birthday on December 28. The Financial Times said Tata would be one of the most visible faces of a new India in 2008.

Asked whether he had the fire in his belly for a further five years, Tata told the daily, Not really.

PTI