As the Tatas unveiled the Rs 1-lakh (Rs 100,000) car in New Delhi on Thursday, Commerce Minister Kamal Nath said it will help the common man shift from two-wheelers to four-wheelers.
"It is a proud moment for India. It demonstrates India's technological and entrepreneurial ability. The car will help people move from two-wheeler to four-wheeler and it will leap-frog the two-wheeler," he said at the Auto Expo on Thursday.
"It fulfills the need of the common Indian who aspires to move from a two-wheeler to a four-wheeler," he added.
Honda to enter small-car segment with Jazz
Meanwhile, carmaker Honda Siel said it will enter into small-car segment with the launch of 'Jazz' in 2009.
"The company plans to launch Jazz by the end of next year," Honda Siel India Ltd President M Takedagawa told reporters at Auto Expo.
"With entry into small-car segment, the company aims to cross sales volume of 1,60,000 cars by the end of 2010," he added.