Tuesday, August 9 2005 16:51 Hrs (IST) - World Time -

Kolkata: The ambitious Rs one lakh car project by Tata Motors is in progress and would hopefully be launched between 2007 and 2008.

Tata Motors would go into tooling for the car, which would be launched in 2007-08, chairman of Tata Sons Ratan Tata said today (Aug 9, 2005).

Asked whether the company would be able to keep to the price announced, Tata said that hopefully, the car would be launched at the same price.

He, however, said that it could be difficult to hold the price in many ways like inflation at that time, value of the Rupee, and cost of steel and other factors.

Asked to comment on scepticism by other manufacturers, particularly relating to safety features of the Rs one lakh car, Tata retorted, "They were also sceptical about Indica".