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Gas guzzlers
HOME > PAST ISSUE > PERSPECTIVE [Premium content] > DispatchesJanuary 2008
India and China’s new car owners are hitting the roads with underpriced gasoline in their tanks. How long can this go on?
India has the one-lakh car by Tata Motors (that’s 100,000 rupees or around US$2,500) while in China it’s the Chery QQ, which retails for US$3,600. These vehicles represent the low-end of their respective markets and, if Tata and Chery are to be believed, over the next two years they will become the cars of choice for two populations of 1 billion-plus.
The result will be a giant sucking sound at petrol pumps as aspirant members of the middle class feed the fuel demands that ...
The result will be a giant sucking sound at petrol pumps as aspirant members of the middle class feed the fuel demands that ...
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