Automaker Tata Motors based in India

Has goal to build vehicle that cost about $2500

Unnamed small car to go on sale next year

Started building cars after suffering losses w/ trucks

Economic growth at 9%, so more Indians can afford cars

More suppliers setting up shop in India

Also more automakers; Hyundai, Suzuki already there

Potential problems for new car will be bad roads, politics

Unlikely to be sold in US but will be exported

"Everybody is talking of small cars as $5,000 or $7,000. After we get done with it, there will hopefully be a new definition of low-cost." -- Girish Wagh, manager, Tata Motors